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1. What is the GDP for this economy?
2. What is the GNP for this economy?
3. What is the NNP for this economy?
4. What is the national income for this economy?
5. What is the gross investment in this economy?
Will the total revenue on any day be normally distributed
Assume each region has 240,000 worker hours to divide between producing cars and television shows. Initially, assume workers are divided equally between producing cars and television shows.
These fishing methods are illegal for U.S. tuna fishers. Is this trade restriction efficient? Is it equitable?
The four-firm concentration ration for the 494 breweries operating in the US is 91 percent, your team has put together a report suggesting that the merger does not present antitrust concerns even though the two firms each enjoy a 15 percent share ..
Suppose that the government introduces a social security system that will take $10 from each individual in period 1, put it in a bank account, and transfer it back to them with interest in period 2. What is the new lifetime budget constraint? What..
Taxes, oil prices, and workers Everyone in the labor force is concerned with two things: whether they have a job and, if so, their after-tax income from that job (i.e., their after-tax real wage). An unemployed worker may also be concerned with th..
Will Social Security survive into the 21st century?"What are some of the macroeconomic implications of Social Security reform?
suppose the demand for a product is given by p 40 - 4q. also the supply is given by p 10 q. if a 10 per-unit excise
After 2006, residential fixed investment was declining sharply, yet GDP was growing until the end of 2007. What categories of aggregate spending kept things moving between 2006 and the end of 2007?
Suppose that following an oil embargo gas prices rise dramatically so that now business firms must take account of gas prices in their car rental decisions. Their demand for rental cars is now given by: K=1 700-12v-300g
The mean annual income for people in a certain city (in thousands of dollars) is 38, with a standard deviation of 31. A pollster draws a sample of 43 people to interview. Find the 68th percentile of the sample mean.A certain car model has a mean..
Peter Minuit bought an island from the Manhattoes Indians in 1626 for $24 worth of beads and trinkets. The 1991 estimate of the value of the land on this island was $12 billion (1 billion = 109). What rate of return would the Indians have received ..
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