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What are the shortcomings of GDP as a measure of economic welfare? Discuss 3 other social indicators that can be used with GDP to measure welfare.
Business Economics, Economics
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According to a January 2013 survey by the Pew Research Center, the percentage of Americans who trust the government in Washington has decreased steadily since Bill Clinton left office.6 Today, approximately 30% of Americ ...
In 15 experiments studying the electrical behavior of single cells, 11 use microelectrodes made of metal and the other 4 use microelectrodes made from glass tubing. If two of the experiments are to be terminated for fina ...
Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability that the machine is up for more than 10 units of time. Calculate the probabil ...
You work in the quality control office for a company that manufactures fluorescent light bulbs. Your company offers a 4-year (1461 day) warranty on these bulbs. The average life span of your bulbs is 1600 days with a sta ...
How do you find the minimum sample size when population standard deviation is anywhere between 14 to 24, and the half-width B desired could be anywhere between 2 to 7?
Four balls are independently projected onto one target, the probability of a hit for each is P1 = 0.1 , P2 = 0.2 , P3 = 0.3 , P4 = 0.4. What are the probabilities P04, P14, P24, P34, P44 that zero, one (1), two (2), thre ...
Explain the real-nominal principle in detail? This is from Economics course.
Answer in true or False : 1) In the circular flow model, firms sell the services of factors of production to households 2) If GDP included the value of leisure time, the value of US GDP would most likely increase. 3) GDP ...
A team of researcher randomly separates their Study's participants into two groups, giving one group a placebo and the other a new treatment to be tested. As the treatment i not experimental, both participants and resear ...
The Twin Crises: what are the Causes of Banking and Balance-of-Payments Problems?
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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