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What is the growth rate of its GDP? Assume that population was 100 in year 1 and 105 in year 2. What is the growth rate in GDP per capita?
The current economic situation? is the overall national economy improving or worsening? how fast? why?
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreig
What does her utility function say about her MRS of Coke for Pepsi?
A company deposits 2000 in the bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% intereest, how much would be in the account
Explain how globalization affects the gross domestic product (GDP).
In a popular ski resort town, the (inverse) demand for ski jackets is P=476-1.5Qd and (inverse) supply is P=80+.5Qs. Find the market equilibrium quantity and price for ski jackets.
There are six equally productive individuals on the island. Each person can gather 25 coconuts in one day or build one hut in a day.
A city engineer knows that she will need 25 million in 3 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles per year.
The total annual output of the U.S. economy measured at the third quarter of 2010 was $13,278.5 billion. The total number of people employed as of December 2010 was 139,206,000.
A bank is offering $20,000 6-month CD's for $19,500. What is the nominal annual interest rate? What is the effective annual interest rate? please give both the answers in %.
A set of cash flows begins at $20,000 the first year, with an increase each year until n = 10 years. If the interest rate is 8%, what is the present value when
Two years ago I bought a new car for $36,000.If my monthly payment was $500.00 and my interest rate was 3% compounded monthly,how long would it take to pay off the loan?
A sharp decrease in housing prices makes people much less wealthy. If the primary effect of this decreased wealth is felt on labor supply, what happens to the level of employment and the real wage rat
Now assume the Fed increase the money supply by 10% and volcity remains unchanged?
Suppose the Fed decided to purchase $30 billion worth of government securities in the open market. What impact would this action have on the economy?
Rate if investment (billions)$12 $12 $15 $16 $17 $17 $17 (a) At what rate of interest does the liguidity trap emerge?
In a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would consume if given a cash gift of equal value. Is this always the case
Your cousin has just bought a used car for $6000.He is to pay for it as follows.A $2,000 down payment and 24 end of month payments of $177.28.What nominal annual interest rate is being paid?What is th
The # of people living on less than $1/day can be calculated using either market exchange rates or purchasing power exchange rates. Which will be larger? Why?
The market for a product is expected to increase at an annual rate of 8%. First year sales are estimated at $60,000, the horizon is 15 years, and the interest rate is 10%. What is the present value?
Why is market competition important? Is there a positive or negative impact on the economy when strong competitive pressures drive firms out of business? Why or why not?
Explain the difference between accounting and economic profits.
How would a communist economy, a market economy and a mixed economy react to technological changes? How wold they react to social changes? What is the role on nature in these three economies?
There are 168 hours in a week. Of these, about 60 hours will go to sleeping (more or less). That leaves 108 hours for which we have a choice in terms of how we will spend that time. Let’s assume