As an employee of the World Bank you have been asked to research the needs of two countries with a particular concern. I have picked Mexico and Argentina. The economic concern is industry. I need data sets for that concern. I need to know where to get the data sets. What is the relationship between the variable that you s
As an employee of the World Bank you have been asked to research the needs of a country with a particular economic concern. Select a country and an economic concern, such as population, unemployment, etc. Search the Internet for data sets for the concern that you have chosen. Select a second country and find data sets for the
Use the following data to answer questions 1-3 (be sure to provide all calculations). Quantities Produced Prices CDs Tennis Racquets CDs Tennis Racquets Year 2004 100 200 20 110 Year 2005 120 210 22 120 1. Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? 2. Calculate
To reduce the federal deficit, the government would have to cut back on government purchase, transfer payments, and/or increase taxes. How does the federal deficit affect GDP and the multiplier? Would an attempt to reduce the budget deficit not increase it? Does today's deficit not create tomorrow's surplus?
Following is a problem that I have to solve: GDP growth is approximately 1.5% and has been at that level for two years. Inflation, as measured by both the CPI and GDP deflator has been at approximately 1-2% for the last two years. Unemployment has recently moved to 7.3%, up from 7% one year ago, and 6.5% two years ago. The
The unemployment rate is a misleading indicator of the current and future state of the economy. How does the timing of lay-off and hiring decisions made by firms explain the misleading characteristic of this indicator?
Explain why housing prices vary from city to city. Clearly explain how supply and demand affect the prices of the homes.
Explain briefly the fundamental determinants of economic growth and development. According to you, which of these factors is more important? Why?
Examine the contribution that automatic stabilizers play in creating a stable economy. Give examples of the automatic stabilizers and use them to illustrate their significance. Why is there an interest in using fiscal policy to stabilize the economy when the automatic stabilizers are available?
As an employee of the World Bank you have been asked to research the needs of a country with a particular economic concern. For this assignment select a country and an economic concern, such as population, unemployment, etc. Search the Cybrary and Internet for data sets for the concern that you have chosen. Select a second co
In 2003, the Internal Revenue Service began to mail out refund checks because of a change in the tax law .Economic forecasters predicted that consumption and GDP would increase because of higher refunds on income taxes. Pretend as if you are an economist and explain your thoughts on wheter the tax cuts from the past few years h
1. When all people use economic reasoning, inefficiency is impossible, because if the benefit of reducing that inefficiency were greater than the cost, the inefficiency would be eliminated. Thus, if people use economic reasoning, it's impossible to be on the interior of a production possibility curve. Is this statement true or
As an employee of the world bank you have been asked to research the needs of a country with a particular economic concern. For the assignment select a country and an economic concern such as population, unemployment etc.Search the cybrary and internet for data sets for the concern that you have chosen.Select a second country a
Solve the following problem by developing new policies, actions or solutions. Identify how we can pay for this solution to be implemented? New taxes? Cuts in present programs? Are there any changes in the present US constitution that might be neccesary to implement this solution? Problem: Sixty Percent of the youth between e
Research the factors behind economic growth in Hong Kong and Singapore, the two factors that affect economic growth are capital deepening and technological progress. Which of these methods of encouraging growth would you suggest to a newly industrialized economy?
As an employee of the World Bank you have been asked to research the rate of unemployement in Belguim and Spain and how itaffects the countries economic concerns. What is the relationship between the variable selected and the economy? What trends do you see in the data sets? Support your assertions of trends with statis
1) As the economy grows and productivity increases, real wages tend to rise, on aggregate (assuming there is not excessive slack in the labour market, i.e jobless growth scenario recently seen in U.S.) 2) Real wage growth , over time, by definition factors in inflation. Inflation is measured by the average prices of a bundle
Given that the economy grows (is allowed to grow) through the banking system and the creation of money through lending, if one market is down (i.e people are spending more on other goods) are we to assume that these other companies that are facing increased demand will borrow enough (to expand) to counter balance the amount the
George Bush this past spring pushed a massive tax cut through congress, whose centerpiece was elimination of the income tax on dividends and acceleration of previously enacted rate cuts on upper income tax brackets. The IMF in an unusual move sharply criticized these potential tax cuts. IMF Says Bush Tax Cut Is Poor Poli
1. What prices clear markets? 2. The basic Idea behaind the Solow model and its relationship with technological advance. What will add to capital stock and detract from it. 3. The long run Flexable price model 4. Problems that identify flexable and sticky price equalibria 5. what are the diferences between behavioral and equ
As an economy grows and productivity increases, real wages tend to rise - people get richer on aggregate. Real wage growth implies that people are able to purchase more of the goods that are in the basket of goods ( the basket that is taken to measure inflation). So they can buy more of these goods , or presumably other more exp
I understand that technology helps to increase productivity , which in turn frees up resources - allowing interest rates to remain lower than otherwise possible. But i am not sure how increased productivity (assuming that is the main benefit of technological advances) drives economic growth. As i understand it economic growth n
Since the mid 1980s Australia has been steadily reducing the level of protection on its imports. a) What are some of the models that predict the EFFECT that REDUCING PROTECTION OF IMPORTS will have on FACTOR PRICES? Briefly explain the effects shown by these models. Note: I am looking for at least 3 different models, unless t
1. According to classical economics: a. markets will always be in equilibrium. b. interest rates will fall whenever savings are greater than investment. c. falling prices will lead to a reduction in unemployment. d. price flexibility will bring about equilibrium in markets when interest rates do not fall
Why didn't Keynesian theory provide successful solutions to the German economy where unemployment currently around 14%?
In his semi annual testimony to the Senate banking committee last summer Alan Greenspan commented on the recent Fed funds rate hike in late June 2004: "With the growth of aggregate demand looking more sustainable and with employment expanding broadly, the considerable monetary accommodation put in place starting in 2001 is becom
1) Assume that the Treasury experiences a large increase in the budget deficit and issues a large number of T-bills. This action will _________________ the price of T-bills in the market and places __________________ pressure on the yield of T-bills. A) decrease; downward B) decrease; upward C) increase; upward D) increas
Category: Economics Subject: Net Present Value Details: It costs $2600 to insulate a factory. Nest year, the fuel savings will be $220. EAch year after this, the cost of fuel is expected to rise by the rate g. If the discount rate is 12%, what rate of growth in fuel costs justifies going ahead with the insulation plan? (Hint
Questions: 1. Economics is generally concerned with (about) a. the operation of banks and the stock market b. business management c. how resources are allocated among alternative uses and goals d. the right time to start a business 2. Economics is a social science in the sense that it a. rigorously (systematically) ex
Use the following data to answer questions 1-3 (be sure to provide all calculations). *Please see attachment* 1. Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? 2. Calculate the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices i