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Question: Assume that in year 1 an economy produces 10,000 units of output and they sell for $100 a unit, on average. In year 2, the economy produces the same 10,000 units of output, and sells it for $50 a unit, on average. What happened to the to nominal GDP and to real GDP between years 1 and 2? Why? Provide calculations of both nominal and real GDP for years 1 and 2.
Scandia Bank has issued a one-year, $1 million CD paying 5.75 percent to fund a one-year loan paying an interest rate of 6 percent. The principal of the loan will be paid in two installments: $500,000 in six months and the balance at the end of the y..
What are real-world examples of government intervention taxation and regulations? What are the goals of each?
Can Canada accept any prices the U.S. can come up with? In other words, describe the limitations that may hinder the negotiation from the production side.
Write an essay of 1,250-1,500 words that describes the change in the interpretation of the due process clause. Discuss whether or not the earlier interpretations gave the benefit of the doubt to government power or private interests.
Differentiate between classification of data and clustering of data with the help of suitable examples. Why do we need preprocessing of the data? Explain any 4 data preprocessing techniques.
What are some reasons accountants prefer to amortize fixed costs and economists prefer to ignore fixed costs in capital investment decisions?
Draw the total consumer surplus (CS) on the graph by moving the square labelled CS. Note that the area may not necessarily be rectangular.
Given his current output level, his marginal cost is $40 (enter your response to the nearest dollar) and his average cost is $ (enter your response to the nearest dollar Can you assist with "his average cost" I thought it was 42 but that was inc..
Some special handling devices can be obtained for $12,000. At the end of 4 years, they can be sold for $600. Compute the depreciation schedule for the devices.
1. The market for Kombucha is represented by the following equations:
What will be the implication on profit to the existing firms in this industry? Use graphical demand and supply analysis to support your explanation.
What is the basis for their support? That is, what are the specific benefits that countries seek by joining an economic bloc? What is the main economic bloc for your country?
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