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Why Does Global Economic support the concept of economic convergence or not?
Traditionally, why do Canada and Europe experience slower productivity growth after a recession than does the U.S.?
What are some examples of new technology that have created job? How do you think you might measure the net impact of technological change on overall employment?
Anticipated Versus Unanticipated Inflation If actual inflation exceeds anticipated inflation, who will lose purchasing power and who will gain?
Which had problems with high inflation, the increased use of another country's currency (such as the U.S. dollar or South African rand) became common.
Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment.
Can you offer any reasons why rates on average have differed across major economies during the last three decades?
How would a more generous unemployment insurance system affect the full employment figure?
In addition, because of the improving economic conditions, the labor force increases by 200,000. Would the unemployment rate go up or down?
Unemployment in Various Groups Does the overall unemployment rate provide an accurate picture of the impact of unemployment on all U.S. population groups?
Why do you suppose the portion of final goods expenditures that goes to pay for intermediate good or raw material is excluded from income method of calculation?
Define fiscal policy. Determine whether each of the following, other factors held constant, would lead to an increase, a decrease.
Suppose first that 2 cannot pay the firm not to store waste, and that the competitive price for storage is 1. Compute the Walrasian equilibrium
What are the Pareto optimal levels of effort (this maximizes total surplus from production minus the costs of effort)?
What are some of the economic consequences of global warming? What kind of market failures does this predict?
Use the concept of marginal utility to explain the following: Newspaper vending machines are designed so that once you have paid for one paper;
Her marginal utility from the third football ticket is twice as much as her marginal utility from the second soccer ticket.
What effort does the principal want to induce when effort is not observable? What is the optimal contract for the principal?
Global Economic Watch Go to the Global Economic Crisis Resource Center. Write a summary of an article about a price index in a foreign country.
Global Economic Watch Go to the Global Economic Crisis Resource Center. What does the author mean by gross domestic transactions?
Consumer Price Index Calculate a new consumer price index. Calculate the current year's cost of market basket and the value of the current year's price index.
GDP Price Index The health expenditure component of GDP price index has been rising steadily. How might the index be biased by quality and substitution effects?
Consumer Price Index One form of the CPI that has been advocated by lobbying groups. Why should the BLS produce such an index for the elderly?
GDP and Depreciation What is gross about gross domestic product? Could an economy enjoy a constant-or growing- GDP while not replacing worn-out capital?
Both goods have been decreasing in price and improving in quality. What problems does this pose for people responsible for calculating a price index?