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Suppose that for an economy, consumption is $14 trillion, tax revenue is $2.5 trillion, investment is $2 trillion, government spending is $4 trillion, export is 0 and GDP is $19 trillion. What is the value of imports? a. $2 trillion b. $1 trillion c. minus $1 trillion d. We cannot calculate the answer without additional information
Hannah and Sam run Moretown Makeovers, a home remodeling business. The number of square feet they can remodel in a week is described by the Cobb-Douglas production function Q = F(L,K) = 10L0.5k0.5, where L is their number of workers and K is units of..
Discuss how the government and international trade could be included in the circular flow. (Hint: see page 400 in your textbook.)
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9% , are people more or less to buy houses. IRs was lower in the mid-1980s than in the late 1970s, yet many economists have commented that real..
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
The Einstein Bagel Corp. offers a frequent buyer program whereby a consumer receives a stamp each time she purchases one dozen bagels for $6. After a consumer accrues 10 stamps , she receives one dozen bagels free. This offer is an unlimited offer, v..
Describe each of the following economic functions of money and provide an example of each: (1) medium of exchange; (2) standard of value; and (3) store of value.
Find the sample size needed to assure with 98 percent confidence that the sample mean will not differ from the population mean by more than 2 dollars.
This assignment consists of three (3) sections: a narrative, a ROI Spreadsheet, and a project outline.
Was the movies examples "Real World" and presented without any particular bias? Was anything really memorable about the films?
Every few weeks now a petition pops up in Facebook newsfeeds urging the government to forgive all student debt. The comment from the person posting
To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750. State appropriate null and alternative hypothesis.
What are some of the weaknesses behind risk-based capital standards? This is a finance essay question. Please give me a detailed outline.
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