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Beginning in 2005, the housing market, which had been booming for years, turned. Housing construction dropped sharply in 2006. Go to www.bea.gov. Look at the GDP release and at past releases from 2002-2010. In real dollars, how much private residential fixed investment (houses, apartments, condominiums, and cooperatives) took place in each quarter from 2002-2010? What portion of GDP did housing construction represent? 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?
Be sure to check out the findings of your classmates, and have a conversation about the new things you learned. With everyone investigating different people, you will likely be surprised by the findings.
At the request of domestic producers, the Taiwanese government imposes a tariff of 500 per imported computer. Find Taiwanese consumption, production, and imports of computers after the imposition of the tariff. How much revenue does the tariff rai..
Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a.Find quantity..
If a regulation or product standard does not meet the environmental objective in a least-cost way, then we may be justified in assuming it to be a trade barrier. Do you agree?
a firm has 1100000 in sales a lerner index of 0.62 and a marginal cost of 55 and competes against 1000 other firms in
Derive the discounted utility of the elite when the middle class are in control of politics, denoted by Ve(M), and compare this to their utility when they are in control, Ve(E).
In many instances, the invoices were prepared without knowledge of the customer.
The local economists estimate that Y is equal to $12,000 and Monopoly has set Pc at $10. If Monopoly's MC of serving another customer is equal to $1, what is the profit maximizing price for seasonal passes
Suppose that the current price of oil is $60 per barrel and the quantity sold is 90 million barrels per day. Assume that the supply and demand curves for oil are linear. The current estimates of the price elasticity of supply and demand in the U.S..
If the government imposes a usury law and says that car loans cannot exceed 3 percent per year, how big will the monthly shortage (or excess demand) for car loans be What if the usury limit is raised to 7 percent per year
What is the difference between positive and negative reinforcement? What is the difference between negative reinforcement and punishment? Provide some examples.
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