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Assume that GDP in the United States was 21.5T in 2019. Use "2019 dollars" for all answers/years.
A) Assume that starting in 2020, the US grows at 2% per year until its GDP doubles. When (as in which year) would its GDP double?
B) Use your answer in A as the starting year for this question (alternatively use 2050 if you don't know how to find an answer for A). Assume that after it doubles the first time, it starts growing at 5% per year. When would it double the second time?
C) What would the GDP for the United States be in the year you calculated in B?
D) List two possible ways to increase long-term growth for the United States (based on "mainstream (i.e. textbook) view of economics".
xpect that this strong preference for Japanese products will continue for the next decade. Explain how should this influence your decision to work and save in Japan.
GE’s mission statement reads: “GE imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. What are some of the cr..
Which of the following quantities should be equal zero always? Please circle or otherwise indicate all that apply out of (1), (2) and (3) below:
Why the budget deficit and the trade deficit are sometimes referred to as the "twin deficits.
A boiler is being considered for a new process plant. The boiler can be fired either by natural gas, fuel oil, or coal. A decision must be made on which fuel to use. An analysis of the costs shows that the installed cost, with all controls, would be ..
An advertising campaign will cost $ 200 000 for planning and $ 40 000 in each of the next six years. It is expected to increase revenues permanently by $ 40 000 per year. Additional revenues will be gained in the pattern of an arithmetic gradient wit..
For example, the purpose is to identify four ethical principles from a set of ten and then provide a detailed discussion of each based on my experiences (job/college related)-Offer a critical analysis.
For a particular good that is monopolized, the monopolist faces the following demand and cost conditions: How much will this monopolist produce? What price will the firm charge it's customers? Will the firm earn positive economic profits?
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
In the country of Drazah Larom (moral hazard spelled backward), health insurance is nonexistent and all medical markets are perfectly competitive. Use supply and demand analysis to explain the impact of the following changes on the price and output o..
Invitation to Dance Contains unread posts Actions for Invitation to Dance There is a new film on disability and the arts, the trailer for which is here: What cultural and/or individual prejudices have prevented more people with disabilities from part..
The Case in Point on America’s shifting comparative advantage suggests that the United States may have a comparative advantage over other countries in the production of high-tech capital goods. What do you think might be the sources of this advantage..
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