What is the value of the gdp deflator
Given that in 1995 real GDP was $6,742.1 and nominal GDP was $7,265.4, what is the value of the GDP deflator? For the Keynesian model, explain the reasons why the aggregate demand curve is downward sloping?
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What is the value of the GDP deflator? For the Keynesian model, explain the reasons why the aggregate demand curve is downward sloping?
The maintenance cost for an investment is $2,000 per year for the first 10 years and $1,000 per year thereafter. The investment has infinite life. With a 10% interest rate, what is the present worth of the annual disbursements? The answer is $16,1
Suppose the price of labor is w = 24, and the price of capital is r = 6. Derive the firm's total cost function. What is the firm's marginal cost?
With an annual production rate of 5,000 units, how long will it take to reach the break-even point of using the automated equipment? The answer is 2.8 years. How do we get this?
Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. What happens to the equilibrium price and quantity in each market?
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