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In 2014 per capita Real GDP was $21,782 in Sweet Potato Hollow. In 2015 per capita Real GDP was $22,030 in Sweet Potato Hollow. What was the growth rate from 2014-2015.
As you know, over the past couple of weeks of class, we've argued that the U.S. economy's GDP is currently at (or near) its potential level of output. If so, then, as you also know, the U.S. economy's actual unemployment rate equals (or is near)..
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
Two companies are deciding at what point to enter a market. The market lasts for four periods and companies simultaneously decide whether to enter in period 1, 2, 3, or 4, or not enter at all. Thus, the strategy set of a company is {1,2,3,4,do not en..
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
Summarize the article "Trading liberty for illusions" by Wendy Kaminer in 300 words by following these steps: - the central idea of the passage - what, who, why, where, when and how - the author's conclusion - the subject of the description and it's ..
The Peel Trading Company received an invoice dated September 20 for $16 000 less 25% and 20%, terms 5/10, 2/30, n/60. Peel made a payment on September 30 to reduce the debt to $5000 and a payment on October 20 to reduce the debt by $3000. What amount..
Jack sees commuting by bus and train as perfect substitutes (U = B + T), that is, he would exchange one commute by bus for one commute by train. The price of a bus ticket is $1.50 and the price of a train ticket is $ 2.00. Jack has $6.00 to spend on ..
American Capitalism is not pure Capitalism; it has become a mixed economy, largely because of defects or failure in the market system that Adam Smith
a. Use the best-fit algorithm to indicate which memory blocks are allocated to each of the three arriving jobs. b. Use the first-fit algorithm to indicate which memory blocks are allocated to each of the three arriving jobs.
Suppose a firm takes two inputs, labor and capital, as perfect substitutes. In addition, this firm can substitute one labor for one capital. If wage is $2000 and rental rate for capital is $3000, what is the optimal labor and capital usage for this f..
How would each of the following be likely to affect the value of the dollar, all else being equal? Explain.
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