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When final sales are larger than GDP,a. inventories did not changeb. a net increase in inventories took placec. a net decrease in inventories took placed. the direction of any net change in inventories is uncertain
The total value added in the production of a final gooda. exceeds the price of the final goodb. equals the price of the final goodc. exceeds the total payments made to owners of productive resources used in the productiond. both (b) and (c)
Discharges of chemicals from a paper plant that pollute a nearby river represent an example ofa. internal costsb. the underground economyc. social costsd. transfer costs
An increase in the price level adds to the value of the nominal GDP but not to the real GDP.TrueFalse
The GDP excludes the production of services for which no monetary transaction takes place.TrueFalse
Utilize Managerial Economics to make your case, and remember that the Senator has not had benefit of the course you are taking. demonstrate and document the trends in medical costs
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
q1. if the equilibrium level of aggregate expenditure is 80 billion as well as there is a reduction in consumption of 2
Replace the machine with a new one costing $49K. Depreciation would be SL to zero over the 7 years of its life. Operating costs would be reduced by $7Kpa.
q.you are thinking about purchasing a local car dealership selling new cars exclusively but you are concerned about how
Suppose that the government of Tonga decided to impose or place a price floor on all imported chicken products. Elucidate what is the advantage and disadvantage of this policy.
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run also in the long run.
What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods. Of all the machines considered
If the proposed textbook receives a favorable review, explain how should the editor revise the probabilities of the various outcomes to take this information into account.
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