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Which of the following is the correct definition of economic growth?
1. growth rate of GDP
2. growth rate of per capita GDP
3. growth rate of real per capita GDP
4. growth rate of employment rate
5. growth rate of both GDP and employment rate
Business Economics, Economics
Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...
What should NGOs (non-governmental organization) do in regions of conflict or war? The benefits of having NGO's personnel in such regions outweigh the risks?
An insurance company will pay Dave $220,000 (the market value of the house) should his house be destroyed by fire during the year. In return, Dave pays the insurance company $1280 that year (called the "premium") for tha ...
In a survey of women in a certain country? (ages 20-?29), the mean height was 65.3 inches with a standard deviation of 2.71 inches. Answer the following questions about the specified normal distribution. ?(a) What height ...
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Question: Parents decided to set aside money for their child's higher education. The objective is to provide $35,000 in today's dollars after 17 years. Their financial analyst forecasted that the average annual inflation ...
Does importation of foreign prescription drugs make sense and should it be allowed? For what reason should the importation of prescription drugs be denied? Are the pros and cons connected, what is better for the public?
If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?
Suppose you have used the following Production Function to estimate the Industry's average and marginal products for its inputs: Q = 150 L1/4K1/3 M1/5. Where Q stands for output; L is labor; K is capital (machine hors) a ...
Two products are manufactured by a company. Product 1 brings a profit of $48 per unit and product 2 earns a profit of $36 per unit. There are 120 1b. of raw material on hand. For production, each unit of Product 1 requir ...
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