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In 2016, a nation's population was 10 million, its real GDP was $1.21 billion, and its GDP deflator had a value of 121. By 2017, its population had increased to 12 million, its real GDP had risen to $1.5 billion, and its GDP deflator had a value of 125. What was the percentage change in per capita real GDP between 2016 and 2017?
q.your oil company must decide whether to drill a well at a cost of 500000 on a piece of leased property or to sell the
A retail outlet is being designed in a strip mall in Nebraska. For this outlet, the installed fiberglass insulation to protect against heat loss in the winter and heat gain in the summer will cost an estimated $90,000.
Suppose that the government raises the minimum wage to $10.10. Thinking of the four Marshall's Rules of Derived Demand as they apply to a particular industry, analyze the conditions under which job loss among teenage workers in that industry would be..
If citizens were to decide that in the long run, federal expenditures should be 28 percent of national income, what must be the required overall average federal tax rate? (Please answer this in as much detail as possible, I am having a really hard ti..
Output is y=(x1^1/2)*x2. The total cost equation is c=3x1+2x2 where w1=3 and w2=2. At the price of the output is p=6 what is the profit maximizing level of x2?
Elucidate which of the following U.S. policies and institutions may negatively influence U.S. long-run economic growth.
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. A fixed cost is FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
The trade or business of manufacturing dolls and accessories
Illustrate what do your previous answers imply for the price of haircuts relative to the price of food.
While tariffs and quotas have declined drastically under GATT and the WTO, nontariff barriers have been on the rise. Why would countries use nontariff barriers to distort natural trade patterns? Are there situations when the use of nontariff barriers..
q1. study plan problems and applications rain spoils the strawberry crop the price raises from 4 to 6 a box and the
Using the sameproduct example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management's decisions.
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