During that same decade the share of manufactured goods, Ask an Expert

Economics

U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent. What was the dollar value of manufactured output.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939961

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose that the substitution effect of an

Question: Suppose that the substitution effect of an increase in the wage is always larger than the income effect. Suppose the economy is on the low tax side of the Laffer curve. Determine the effect of increase in Total ...

Question assume that a series of inflation rates is 1

Question: Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent, while nominal interest rates in the same three periods are 5 percent, 5 percent, and 6 percent, respectively. a. What are the ex p ...

Question assume that in long-run equilibrium the minimum

Question: Assume that in long-run equilibrium the minimum point of the LRAC curve for a table manufacturer's tables in $200 per table. Under conditions of monopolistic competition, will the long-run price of a table be a ...

Question describe the learned hand rule and discuss the

Question: Describe the Learned Hand Rule, and discuss the economic logic underlying it. Do you believe the objective is being achieved? The response must be typed, single spaced, must be in times new roman font (size 12) ...

Question if workers contribute to their groups investments

Question: If workers contribute to their group's investments and decide on these investments, workers at different stages of their careers may want different types of capital, for example a durable building versus a temp ...

Question what factors would you consider when determining

Question: What factors would you consider when determining whether an investment in sub-Saharan Africa would be profitable for your company? Would the same factors hold for South Africa? The response must be typed, singl ...

Question some crops have flowers that are rich in nectar

Question: Some crops have flowers that are rich in nectar, but pollination by bees has only a small effect on their yields. Construct an example to show that in this case the beekeeper will probably pay for the right to ...

Question a monte carlo analysis question an online apparel

Question: A Monte Carlo Analysis question: An online apparel retailer will sell winter coats this season. The retailer purchases the coats from a supplier at a cost of $175 and will sell them for $250. Demand has been fo ...

Question 1 what market structure best describes the

Question: 1. What market structure best describes the environment within which your organization operates? What challenges and opportunities would arise from higher and lower degrees of government intervention? 2. Accord ...

Question what is the equivalent uniform annual amount at

Question: What is the equivalent uniform annual amount, at the end of years 3-7, of a uniform series of cash flows of 2,000 during years 2-9. the interest rate is 9% per year. The response must be typed, single spaced, m ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert