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Question: Norway population is 5,379,000. Its GDP is 3,265,240 Million in Norway's local currency the Krone. A United States dollar can buy 9.02 Krones (or 1 Krone is $0.11086). Calculate Norway GDP in U.S. Dollar. What's Norway GDP per capita in U.S. Dollar? In your opinion and in comparison, to other countries, what does this GDP per capita indicate?
Utilize the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
Emerging economies are facing a "new reality" that is significantly slowing the pace of economic convergence with the rich world and risks leading to further financial market volatility, discuss.
The interest rate affects the investment patterns in the economy. A friend of yours suggests a get-rich-quick scheme:
Suppose the following data about the demand for goods and services. All variables are in billions of dollars. Suppose that potential level of output is $12,000 billion. Use the above data to calculate the size of the output gap?
Answer the following questions: Based on the text and lecture materials, along with current data, make an argument for the state of the economy. Are we in a recessionary or inflationary gap? Neither? Are we in a deep recession? Are we in a large i..
Write a brief for the Central Banker of Ireland, outlining your recommendation on the interest rate that should be set at the next policy meeting.
Does this goal still apply to our understanding of the role of the business firm in society? Provide examples to support your understanding. Does government or society have a role to play in expanding the Friedman discussion?
skills are required for current also future employees to possess for the organization to be successful
Write a paper about the economy of Mexico in the context of globalization. It should be properly footnoted, and it must follow a logical and consistent pattern. In writing this paper you are advised to follow one of the standard writing styles, e...
Digby passes on half of all cost savings by cutting the current price to customers. For simplicity:
In the late 1990's "mad cow" disease caused people to buy less beef. It also caused the European Union to ban imported British beef and the British government to ban the sale of older cattle. What is the effect of the above on price and quantity o..
Explain why in case of a price rise consumers would shift to a substitute whose price is lower.
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