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What is the difference between the gross domestic product (GDP) and the gross national product (GNP)? Explain the three basic criteria for including items in the GDP and the GNP. Explain and illustrate the two methods for computing the GDP.
Assume that absolute purchasing power parity holds in the long-run, that the moneymarket clears in each country, and that in both countries the demand for realbalances or "liquidity preference" takes the form L = a Y - b i where Y is the log of re..
What do you refer to a situation whereby an individual will be better off taking an action if the extra benefits from taking the action are greater than the extra costs?
Is the company charging the optimal price for the product. Demonstrate how you know.
Suppose that American Tree, one domestic producer, convinces Congress that because its production methods are the safest in the industry, it should be allowed to be the only supplier of artificial trees to American consumers.
Consider the market for two goods that are substitutes, such as pens and pencils. If a technological breakthrough reduced the cost of producing pens.
Suppose a friend you know requires a mortgage loan to purchase a house. Your friend can purchase it now or wait until later and is unsure of what to do.
for the nation as a whole the expansion of production of one product must involve a decrease in the availability of the other.
Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.
Describe the impact advances in technology and improvements in medical education had on U.S. hospitals and healthcare services from 1900 to the current period.
Using the hypothetical economy data in the table below, calculate the aggregate demand and supply, as well as its price level.
Why do you suppose the federal government gives special treatment to owners of fertile farmland rather than, say, automobile mechanics?
Lets say if you go to a carrom playing App and want to analyse its working and please download any app and using Emulator extract the code needed to design a new app based on same algorithm. Please send me the basic code and data of economics that..
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