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Q1. Consider the subsequent data on U.S. GDP:
Year Nominal GDP Deflator (in Billions) (Base Year 1992)1996 7,662 1101997 8,111 112
Illustrate what was the growth rate of nominal GDP between 1996 also 1997?
Q2. Why do economists use real GDP per capita to measure the economic progress?
Q3. A organization currently sells 60,000 units a month at $10 per unit. The marginal cost per unit is $6. The organization decided to raise the price about 10%, to $11. if the price elasticity of demand is which price range , then profit would increase if the organization decided to raise the price by 10%
Assume which the United States presently both produces kumquats and imports them.
We never entertained the possibility that more than one market failure might exist simultaneously.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
Provider A charges $120 per month for the service regardless of the number of phone calls made.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
Determine the price elasticity of demand at each quantity demanded using the arc or midpoint formula.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
Describe the Discretionary and Non-discretionary Fiscal Policy you would advise
If the value of M increased from 50,000 to 60,000 also nothing else changed which would equilibrium price increase or decrease. Would the equilibrium quantity increase or decrease.
Here are too few stars to fully staff every team, but there are enough for a few to be on every team if an owner decided to hire them.
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