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What is the percentage increase in production when valued at 2009 prices is ___21.6______percent. Answer to 1 decimal place.
2008: Lattes 97/$7 each Cappuccinos 53/$5 each
2009: Lattes 114/$8 each Cappuccinos 69/7$ each
The answer is what was given after trying to figure it out, I still can't figure it out even with the answer. Step by step instructions would be help as I have a learning disability.
Suppose you have been employed as an economic analyst, your job is to use the Regression Model to estimate potential sales of your employer's product.
This answer give vital hints on why the Federal Reserve establish general and specific rates of interest. This explains the recent tools the Federal Reserve has used to influence the United States economy.
The Australian government administers two programs that affect the market for cigarettes.
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Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
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In the name of Simon Kuznets is the concept that the relationship in GDP and inequality is nonlinear. Kuznets hypothesized three phases in economic development.
Simple linear regression predicting the change in performance (in seconds taken to run a race) for 800m runners by the average hours of training undertaken per week during the pre-season.
A country is described by the Solow Model with a production function y = \(k^{1/2}\) where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%. Assume that the depreciation rate is..
Despite very low growth of GDP in 2008 and 2009, and still high unemployment rate of 9.5 percent in June 2010.
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