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In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the constant (real) dollar percent increase in GDP?
q.an amusement park is considering changing its pricing scheme from a pay-per-ride system to a single opening fee
A team owner tries to decide quality level. By spending another $12 million, the owner expects that the team finishes one place higher. Does this mean that the owner can continuously raise the team’s place in the standings by one place by one place f..
Calculate the expected utility of each project according to this criterion. Is this individual risk adverse, risk neutral, or risk seeking? Why?
Graphically, the reservation wage is shown by:
q.jake takes 40 minutes to fry a chicken and 2 minutes to toast a slice of bread. his brother elwood takes 20 minutes
Why might foreign aid not reduce poverty of a developing country? Explain Three different reasons based on the foreign aid.
If the product price is $105, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.
q1. were past societies in human history more ecological than our society today? what is the most ecological society
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
There is a trade off between unemployment and inflation when the aggregate Supply curve is upward sloping. SC Is downward sloping. SC is vertical. Demand curve is downward sloping
Consider an economy with the usual required reserve ratio (rr); economy-wide checking (demand deposits) of $400,000; total cash within banks of $100,000; cash held by the public of $36,000; and er = 0.16. Calculate the "naive" multiplier. We will use..
According to Wade, higher corporate ___________________ tend to make for more financial fragility than do lower ones.
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