Reference no: EM13999675
Use only IMF or World Bank data for international comparisons.
What is U.S. nominal GDP at the end of 2014 (4th quarter)? What is U.S. real GDP at the end of 2014 (4th quarter)?
What is the base year used in calculating U.S. real GDP?
Since 1998, in what year did real GDP experience its largest percentage decrease from the preceding year?
What was the amount of the percentage decrease?
What is the annual growth rate of U.S. real GDP for 2013? What is the U.S. per capita GDP at the end of 2012?
Use nominal $ What is the GDP of the second largest economy in 2012?
Use nominal $. What is the GDP of the second largest economy in 2012, as identified in (7), in PPP Adjusted USD?
What is the per capita GDP in the second largest economy in 2012, as identified in (7), in USD?
What country has the highest per capita GDP (current US$) in 2012 and what is the GDP per capita?
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Is demand elastic or inelastic at this point
: Suppose the demand curve is given by Q = 200 - 20P. Answer the following. (a) What is the price elasticity at P = $4? Is demand elastic or inelastic at this point? (b) What is the price elasticity at P = $7? Is demand elastic or inelastic at this poi..
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What is the price elasticity of their airline tickets
: Suppose that the demand function for regional airline Eastern Shuttle, Inc., is Q = 52,000 - 100P + 500PR + 0.45I where PR is the average price of rail service in their service area and I is the average income in the metro area. What is the price ela..
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What part is due to the income effect
: Suppose that two goods are perfect complements. If the price of one good changes, what part of the change in demand is due to the (Slutsky) substitution effect and what part is due to the (Slutsky) income effect? Explain.
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Due to improvements in the public transportation system
: You are employed as an economic consultant to the regional planning office of a large metropolitan area, and your task is to estimate the demand for hospital services in the area. Average travel time to the hospital goes down by 10% due to improvemen..
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World bank data for international comparisons
: Use only IMF or World Bank data for international comparisons. What is U.S. nominal GDP at the end of 2014 (4th quarter)? What is U.S. real GDP at the end of 2014 (4th quarter)? What is the base year used in calculating U.S. real GDP? Since 1998, in ..
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Profit-maximizing level of monolopy output-price and profit
: Consider a monopolist with the following demand curve: P=200-2Q. The monopolist faces MCm=ACm=20. Solve for the profit-maximizing level of monolopy output, price, and profit.
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What are voluntary export restraint agreements
: What are voluntary export restraint agreements? Why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts?
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Name one pro and one con of privatizing the USPS
: Privatization can be defined as "the process of returning to the private sector property or functions previously owned or performed by government". The basic idea is that there may be some services that the government is providing right now that the ..
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Index of leading indicators in forecasting the recession
: Evaluate the performance of using the composite index of leading indicators in forecasting the recession in the U.S. (you may need to search additional information for answering this question).
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