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Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale.What is Country A's GDP?What is the composition of GDP by percentage?What is the GDP per capita?How does this relate to Keynesian economics?Part II Go to the Bureau of Economic Analysis on the Department of Commerce's Web site, and look up the latest new release for real GDP. Address the following questions after reading the latest release:Where are we in the business cycle?What is the real GDP today?What is the largest component of GDP?What is the smallest component of GDP?What is the fastest growing component of GDP and why?What components of GDP were involved in the change from last month to this month?What is the price index today?What caused the change?
During field calculation it is known that the calculated number pf trips is actually 128. What is the value of the adjustment factor?
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies would help move the e..
The San Francisco Giants want to boost revenues from ticket sales next season. You are hired as an economic consultant and asked to advise the Giants whether to raise or lower ticket prices next year.
1. julian has 15 to spend this week on orange juice and muffins. juice costs .50 per bottle and muffins cost 2.00
you are a monopolist producing widgets for simplicity assume that you produce themat zero cost and maximizing your own
Use a demand and supply model to describe the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men & women.
stuck on these an open economys GDP is always given by. 1.Y=C+I+G+T 2.Y=C+1+G+S 3.Y=C+I+G 4.Y=C+I+G+NX other things the same, an increase in the U.S interest rate causes the quanity of loanable funds supplied to 1. rise bc net ccapital outflow and do..
What about lowering interest rates and increasing money supply (i.e., monetary policy) If you were the chair economic advisor to the President of the United States, what would be your advice to him What does the Scripture have to say about money
Buying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour illustrates: a. relational contracts with distributors b. vertical requirements contracts c.
Consider a perfectly competitive market with an upward sloping market supply curve. Explain the effects of a decrease in supply for the equilibrium price and quantity as well as the total amount of spending. How does the answer depend on the nature o..
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
a. market equilibrium requires that other influences other than price be held constant. why might the existence of
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