#GDP, Macroeconomics

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#“Nominal GDP declined between 2008 and 2009, therefore the GDP deflator must also have declined.”

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Consider the following: The city council has just approved the construction of a water park in your town. You are responsible for studying the impact of the new water park on the l

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You are given the following information about an economy: Gross Investment  =                                                         40 Govt. purchases of goods & service =

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The Assignment, OPEC oil cartel becomes subject to this tension or conflict...

OPEC oil cartel becomes subject to this tension or conflict such that the cartel gives way to a more competitive oil market resulting in a dramatic decrease in the world oil price.

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Pat, Explain the concept of diminishing returns to labor.

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