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Case Assignment Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations. 1. (a.) Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b.) How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)? 2.What are the sources of human capital? Discuss some specific examples. 3.What is the law of diminishing returns? Give an example of what the law of diminishing returns implies. 4.What happens when the government raises taxes and uses revenue to engage in spending?
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? Explain what is meant by a built-in stabilizer and give two examples
The information below describes the real GDP per capita for the country of Bedrock for the period of 1975 to 1991.a. If a new business cycle began in 1975, how long was this cycle b. The peak occurred in which year The trough occurred in which year c..
Now suppose that a scientific study find that tap water is toxic, and everyone should drink only bottled water. Illustrate the impact of this study on the market and each firm. Use graphs to illustrate your answer.
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
A country has had a steady value for its floating exchange rate (stated inversely as the domestic currency price of foreign currency) for a number of years. The country now tightens up on (reduces) its money supply dramatically.
in costa rica only a few beaches remain that are nesting grounds for sea turtles. some of those beaches have
explain how the market economic system works to answer the fundamental economic questions. explain how this may differ
assume you purchased a corporate bond at its current market price of 850 on january 2 2002. it pays 9 percent interest
If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
Suppose the domestic demand and supply for bookends in a small open economy
proposal aproposal a envisages generation of electricity from water - a hydro-electric project. the useful economic
jet blue corporation continuously offers fare discounts to attract customers awareness about the company increase
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