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Bank A offers a nominal annual interest rate of 7% compounded daily, while a bank B offers continuous compounding at a 6.9% nominal annual rate. If you deposit $3,000 with each Bank, what will be the difference in the two bank account balances after two years?
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Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:
Assume that a society consists of two types of workers. For type A, 3 million workers lose their jobs each year, and each one takes a year to find a new one. For type B, 36 million workers lose their jobs each year (3 million per month)
Consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.
Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market
Assume world oil supply is 71 million barrels per day at a price of $54 per barrel. Suppose that if the price per barrel of oil increases to $56 per day, then 82 million barrels of oil will be supplied.
Why doesn’t the National Bureau of Economic Research identify the turning points in economic activity until months after they occur?
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
Some countries do not protect human rights in the same manner as the United States (US).
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1 calculate the real wage rate.
Illustrate what are the pros and cons of a company that competes in a global environment. How do you think this has affected the U. S. economy and the global economy.
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?
Decide if the values of the goods produced are included in the 2006 GDP and explain your reasoning.
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