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Question: Imagine a country whose population, in year 1, is 100 people and the real value of output is $5,000. The per-capita level of output is
A) $Blank (enter dollar value, no decimals or dollar signs). Assume that between year 1 and year 5, its population has grown to 130 and the real value of its output has risen to $6,000. Over this period, this country's per-capita (i.e., per person) output has gone
B) Blank (up/down - enter number from sheet, not the word). Over time, even though the economy goes through expansions and contractions, the long run trend line of the business cycle in the United States is going
C) Blank (up/down - enter number from sheet, not the word). This phenomenon is known as economic
D) Blank.
Do the determinants of private demand affect market demand?
a firm has the following production function q kl where q output l labour measured in person hours k capital
If inflation is expected to be 4% next year, rather than 2%, what will happen to nominal wages next year? Use your answers from parts 1 and 2 to explain how an increase in expected inflation will tend to affect the following year's actual rate of ..
Why are theories not cent per cent correct whether in economics, chemistry, or physics? Why is it more so in economics?
write a 1400- to 1750-word paper on essential communication in a community crisis situation described in the
If De Beers charges the monopoly price, how large is the individual consumer surplus that each buyer experiences? Calculate total consumer surplus by summing the individual consumer surpluses. How large is producer surplus?
Discuss Capitalist Economy. How is Economics useful, describe its importance?
a) Prepare income statements for Q1, Q2, and Q3 using variable costing and absorption costing. b) Explain the differences in operating income between the two costing systems for each quarter. Be specific!
After a fall, a 95 kg rock climber finds himself dangling from the end of a rope that had been 15 m long and 9.6 mm in diameter but has stretched by 2.8 cm. For the rope, calculate The strain,
About thirty United States localities circulate their own currency with names like "Ithaca Hours" and Dillo Hours." Doing so is perfectly legal although through law they are subject to a 10% federal tax, which currently the government is not collecti..
All the right-to-work state is in the south? Almost all right-to-work states are in the North and West. Nearly half states have right-to-work laws. Right-to-work laws have made union organizing much easier
Based on the demand curve for asparagus above, what is the relationship between asparagus and good Z? What is the equation of the demand curve for asparagus if the price of good Z is $20?
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