What is national saving
Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 1,500, consumption equals 7,500, and government purchases equal 2,000. What is national saving?
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compare the two soldiers' poems.Issac Rosenberg's (British) poem:On Receiving News of the War .
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Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime population grew 50 percent and prices rose 100 percent. What happened to real GDP per person?
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On scratch paper, sketch a basic supply and demand graph for the gasoline market (no actual numbers are needed). Would you expect this change to cause the equilibrium price in the market to increase of decrease? Why? Would you expect this change t
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Prepare the general journal entry to record Jim Phillips' deposit of its federal income tax withholdings and FICA taxes (employee and employer portions) for the month of December 2009.
Explain price elasticity, income elasticity and cross elasticity of demand. Assess the relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.
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