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Alex wants to measure the nominal GDP of $993 billion in 2008 dollars. From the data he gathered, he knows the deflator for 1998 is 30 and for 2008, it is 74. What was real GDP in 1998?
Business Economics, Economics
Define economies of scope. Is this concept related to economies of scale? Explain. Define economies of scale. How does this relate to returns to scale?
Give an example of a binary relation which is not transitive, and then give an example of a binary relation which is reflexive and transitive but not connected.
What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?
Autonomous consumption = 660 Marginal propensity to consume = 0.8 Autonomous taxation = 200 Income tax rate = 0.2 Planned investment = 500 Government spending = 500 Autonomous net exports = 300 NX = 0.04 Calculat ...
Under what circumstances would LRAS and SRAS have the same slope?
How would the stock market soars and Americans wealth expands significantly affect the econmony, by analyzing in the SRAS-AD diagram and determine the effects on real GDP and the General price level
To investigate this, a random sample of 18 bean leaflets was taken. The freezing temperatures were: -1.6 -0.9 -1.3 -2.7 -1.9 -2.2 -3.1 -2.3 -2.1 -0.2 -2.7 -2.9 -2.3 -3.8 -3.6 -4.3 -2.0 -3.3. Make a histogram of the data ...
The sample distribution on individual IQ scores (raw scores) has a sample mean of 100 and a standard deviation of 16. What proportion of the sample mean will fall at or above a mean of 102.56? Round the answers to no mor ...
what does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?
If there is an increase in demand for a service, and a decrease in supply of the service, what impact will that have on the equilibrium price and quantity for the service?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As