The difference between nominal GDP and real GDP is:     real GDP adjusts for inflation   real GDP excludes imports and exports   nominal GDP adjusts for inflation   nominal GDP measures actual productivity

Q: (3) Joe and Sarah's Investment Dilemma Suppose Joe and Sarah each have a patent on their respective ...

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Q: Could someone answer this for me please You estimate a simple linear regression model using a sample...

A: Answer: As it is mentioned : Y= 97.25 +19.74*X(3.86) (3.42 interval  estimate =99%

Q: ompensaton of Emplyees anunplon of Fred Capta ros investment nts erest aperts pots rporate Prts es o...

A: The gross domestic product minus depreciation on a country's capital goods equals the net domestic p...

Q: ts Keep the Highest /3 nsumer Surplus e buys an iPhone for $150 and gets a consumer surplus of $200....

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x_1 is a var...

A: The question is from the law of variable proportion, in which capital and labor are used as inputs. 

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A: The H-O theorem states that a country will export that good that is intensive in the country's abund...

Q: Does a competitive firm’s price equal its marginal cost in the short run?

A: A competitive firm is one that produces and sells output in the market with many sellers who offers ...

Q: How can the Big Mac Index be used to make PPP comparisons between countries?

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Q: Question 10 Suppose a firm produces two goods, A and B. If they produce the goods jointly, the total...

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Q: What are John Maynard Keynes economic theory’s general principles?

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Q: Dalia owns a small coffee roasting firm in Manchester. She is in a monopolistically competitive mark...

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Q: A company sells an item for P10 each. If the manufacturing cost is P60k per month and the labor is P...

A: Break even point (units)=Fixed costSells per unit - Variable cost per unit Here, Fixed cost = 60,000...

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A: Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat mone...

Q: Answer this question for me mate. Much appreciated. :)

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Q: how  do firms choose how much output to produce.

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A: Returns to scale: when all factors of production changes in a given proportion, then output could ch...

Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x_1 is a var...

A: Question8: Answer: (d) y to increase with x_1 at a increasing rate, due to increasing returns to sca...

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Q: 3. Union and Labor Market Efficiency (a) Given an inverse labor demand function of w = 30 - 0.02LD, ...

A: Inverse demand function is as follows:- w = 30 - 0.02LD w = 10  

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A: Equilibrium is achieved at the output level where Qs equals Qd

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Q: ind the equation for elasticity. ind the elasticity at the given price, stating whether the demand i...

A: Given, D(p) = √349-p

Q: Who are Homo Economicus?

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A: A rise in money supply fuels inflation in the economy. 

Q: Ricky's Donuts sells premium donuts.  Premium donuts have toppings. The demand for premium (PR) don...

A: Given: PPR= 5.70 - 0.45QPR MCPR= 0.20

Q: 7. Fred's Factory 200 a'ne Fred' Factory sells in a perfectly competitive market. Fred's production ...

A:

Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x_1 is a var...

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Q: if marco is a seller of shirts and he sells a shirt for 48 dollars , which results in him having a p...

A: In a market, producer surplus refers to the amount of additional money obtained by a seller when pri...

Q: nultiplier the multiplier emains the same. remains the same. lecreases. decreases. ncreases. increas...

A: A) OPTION C IS CORRECT 

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A: The Solow–Swan model is a basic neoclassical growth model. It proposes a continuous production funct...

Q: Changes in price levels induce shifts in the aggregate expenditure function. Which of these is not a...

A: The answer is - Substitution effect

Q: (6) For each situation, solve for the Cournot-Nash equilibrium (Capacity Constraints) 6a) Suppose Sa...

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Q: What were John Maynard Keynes economic theory’s general principles and who did he advise?

A: Keynesian economics is based on John Maynard Keynes' thesis that rather than letting the free market...

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A: Given: Amount (A)=$20000 Interest rate (r)=6% compounded continuously Number of years (t)=10

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A: Dear learner you have posted a question with multiple sub parts, as per our policy we have solved on...

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A: Since you have posted a question with multiple sub parts, we will solve first three subparts for you...

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A: Four basic components of current account in BOP include: Goods  Services Income and  Current transfe...

Q: Is Canada in a recessionary gap or inflationary gap right now? and how could you tell?

A: GDP and price level are determined when aggregate demand and aggregate supply intersect each other. ...