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1. When CPI is reported, outlet substitution bias in CPI is not considered. What does outlet substitution bias mean and why does it occur?
2. What is meant by "GDP Deflator" How does this differ from CPI?
(Global Crisis) When emerging markets elected to accumulate vast sums of reserves in the 2000s decade, did this create a problem in developed markets?
Explain why is an increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Examine your opinion on the death penalty. Defend why you are for the death penalty or against it. Be sure to be specific in your defense on your stance.
Begins with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.
Assume a country decides it will either dollarize or create a currency board. Of these two options, why might dollarization be a better choice.
Write a paper of approximately 500 words describing how each tariff has impacted trade. Format your paper using West Writing Style Handbook guidelines.
1. Use the equations given below and calculate total benefit, total cost, marginal benefit, and marginal cost for values of Q ranging from 35 to 45.
If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by
Three natural resources as well as products that could be traded abroad based on the principles of comparative advantage for India.
What is the time complexity of Bellman-Ford single-source shortest path algorithm on a complete graph of n vertices?
The total annual output of the U.S. economy measured at the third quarter of 2010 was $13,278.5 billion. The total number of people employed as of December 2010 was 139,206,000.
How much salvage is allowed when using MACRS depreciation? All of the salvage value is allowed
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