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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.
Where are we in the business cycle?What is the real GDP today?What is the nominal GDP today?What is the difference between nominal and real GDP?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?
ethanol is a motor fuel manufactured from corn, barley, or wheat, and it can be used to power the engines of many autos and trucks. suppose that the government decided to probide a large per-unit subsidy to ethanol producers.
Compare and contrast the following broadband methods for home Internet access: Cable, DSL, Satellite include a description of each, pro's and con's and why you select one over the other.
Differentiate the expenditure versus income approach to GDP and discuss why are the results the same? What are some of the drawbacks of using GDP while doing international comparisons among countries?
How do you know that the firm represented in the graph above is a purely competitive firm and to maximize profits, this firm will produce at what output level and explain why this MR=MC position is the profit-maximizing position for any firm.
Assume the government sets an effective price floor in market for oranges and agrees to buy all oranges that go unsold at that price. The oranges bought by the government are discarded.
Compute the Modified BCR for MM. Compute the Modified BCR for PP. Which alternative should NJGSP choose and why?
You have opened your own word processing service. You have already bought a special computer needed for word processing.explain that expand your business by hiring an assistant.
What are the necessary conditions for positive equilibrium prices and quantities? (b) What is the economic interpretation of the parameter "f"? (c) What will be effect (increase or decrease) of an increase in exogenous income on P*, the equilibrium p..
The index most widely used by the government and the private sector to measure changes in the cost of living is the GDP deflator or else.
Find Marens consumption in the two periods ( as a function of m1,m2 and r)3) If the interest rises, how will Maren chanhe her consumption in each of the two periodes
Determine how does globalization lead to greater competition in market place? Discuss the implications for market structure in industries opened to global competition?
Determine if the demand for the following products is price elastic or price inelastic, or explian how the necessity of a good and the availability of substitutes affect the price elasticity of demand.
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