Understanding tourism and international
Themes in Leisure: Understanding Tourism and International Hospitality
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The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600. Find equilibrium GDP. What is the multiplier for this economy?
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What will happen to the equilibrium level of GDP if investors become optimistic about the country’s future and raise their investment to $600?
Firms in Fredonia always invest $700 and net exports are zero, initially. The government budget is balanced with spending and taxes both equal to $500.
Understanding Tourism and International Hospitality
1-mL of 0.007 M Na2SO4 was diluted in 100-mL of deionized water. What is the concentration of the Na2SO4 in ppm
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Explain the basic logic behind the multiplier in words. Why does it require b, the marginal propensity to consume, to be between 0 and 1?
Calculate the super-elevation required for a horizontal curve on a two-lane, two- way highway with 60 mph design speed, and a 1200 ft. radius curve. What is the required length of the spiral curve
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