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Consumers in a small economy spend $52000 on goods and services annually. Also, annually investment is $12000, governemnt spending is $6000, exports are $800 and imports are $200, what is the value of the GDP
Evaluate the progress and prospects of integration between two established regional groupings (NAFTA, ASEAN, CEFTA, Andean Pact, CIS, APEC, etc.). The written comparison should synthesize the theories of international trade and finance to evaluate th..
A continuous annuity with withdrawal rate N = $1,800/year and interest rate r = 2% is funded by an initial deposit P0. When will the annuity run out of funds if P0=$89,000? The annuity runs out after approximately__ years. Answer to the nearest whole..
Intermediate Microeconomics -- Assume the market for generic aspirin is perfectly competitive. At equilibrium, the price elasticity of demand for generic aspirin is characterized as ED = − 1/5. Where b is a numerical value, P represents the price of ..
Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. With no restrictions on the number of traps, and open access ..
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
a) What is total revenue for Adult group? What is total revenue for child group?
A nation with a large current account deficit is consuming more than it produces or living beyond its means. Is this necessary bad? What is your judgment for the United States?
What is "automatic fiscal policy" and how does it fit Keynesian fiscal policy to stimulate the economy in a recession, in terms of Government spending
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
An engineer invested $10,000 in the stock market. For the first six years, the average return was 8% annually. For the next four years, the return as 4% annually. What is the value of the account after 10 years? What is the effective annual rate of r..
The author is correct in stating that the legalization of drugs is a widely debated issue among economists and others.
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
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