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Questions:
what is nominal GDP?
What are the limitations of gross domestic product (GDP) as a measurement tool. ?
What is the difference between real and nominal GDP?
Locate an online news article about GDP. Summarize the article and explain its relation to/impact on GDP.
Cigarette Taxes, Black Markets, and Crime: Lessons from New York's 50-Year Losing Battle New York City has the highest cigarette taxes in the United States.
Explain the theory of value (price) of Neoclassical economics. How does this differ from the Classical analysis, and the Marxian Analysis?
What is the difference between a "change in supply" and a "change in quantity supplied?" Graph your answer.
One of the leading laptop manufacturers has estimated the following demand equation based on the data from its 50 branch offices and dealerships across the country: Q = + 10,000 - 60P + 300A + 50 c P - 100 C A +50 I
What does her utility function say about her MRS of Coke for Pepsi?
What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession
If we assume most of the crime results from drug addicts stealing to buy drugs, what would happen to the amount of drug use and the amount of theft if we increased education programs to inform potential drug users about the dangers of drugs
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Draw the molecular orbital energy level diagram for CN-showing the appropriate energies and filling for the atomic orbitals
How does federal deposit insurance encourage greater risk taking by banks? Could the banking system function without government deposit insurance? How? How would you personally be affected if there was no federal deposit insurance? What would ..
Writing a production function in terms of capital andeffective labor implies that the level of technology increases by 10%, thenumber of workers requiredto achieve the same level of output decreases by 10%.
The nominal GDP in 2000 was $672 billion and $1,690 billion for 2010; the real interest rate was 6.79% in 2000 and 3.71% in 2010; the 2000 deflator was 24 and 51 in 2010. What is the real gain?
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