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Economic questions on GDP, unemployment and CPI

1. Gross Domestic Product equals the (Points: 1) total output of all goods and services produced by resources located in the U.S. market value of all goods and services produced by resources located in the U.S. market value of all final goods and services produced by resources located in the U.S.

Metrics for Evaluating Argument Papers

Paper The following questions are based on the book The Economics of Integrity, by Anna Bernasek. (1) What is the author's argument about the relationship between integrity and economic performance? (2) What examples does she present to support her argument? (3) Since the book has been published are there examples of compa

Poverty Today and in the Past

Go to the following website, www.census.gov, and select Poverty. Then use the information on this site to answer the following questions: What is the official poverty line? Is the number of people higher or lower than it was last year? Ten years ago? Why? How many states had an increase in the poverty rate compared to

Macroeconomics Test Preparation 4

I'm requesting assistance with the below questions in order to prepare for an exam. The course is "Macroeconomics" author: Robert J. Gordon 11th edition text. I'd appreciate any assistance with these questions? 23) As an individual, you cannot participate in the financial markets to issue new stock or sell new bonds becau

Macroeconomics Test Preparation 3

I'm requesting assistance with the below questions in order to prepare for an exam. The course is "Macroeconomics" author: Robert J. Gordon 11th edition text. I'd appreciate any assistance with these questions? 17) Supply siders argue that policies pursued by the Reagan administration after 1981 undermined the effect of th

Macroeconomics Test Preparation

Need assistance with the below questions. 6) What is the growth rate of multifactor productivity if b = 0.20, k = 3, n = 1, and y = 4 a) 2.4 b) 0.4 c) 2.8 d) 1.0 16) Which of the following beliefs is not part of supply-side economics? a) A sharp reduction in corporate income taxes would discourage U.S. corp

Calculating the Effect of Removing Tariff

Question 1: (a) Suppose that the government of Arcadia, a small country, is considering the removal of a 20% tariff on denim jackets. Currently 100,000 jackets are imported per year, out of a total annual consumption of 200,000 jackets. The import cost (i.e. without the tariff applied) is $25 per jacket. At that price it

Real GDP

1 What is the February 2010 unemployment rate in the U.S.? 2. What is the most recent quarterly Real GDP for the U.S.? 3. Is the U.S. still in a recession according to your answer for #6? 4. What is the January 2010 Consumer Price Index for All Urban Consumers (seasonally adjusted) in the United States?

Supply and demand of a winery

1. Suppose you are the manager of a California winery. How would you expect the following events to affect the demand and/or the quantity demanded for your product? Briefly explain. a. The price of comparable French wines decreases. b. One hundred new wineries open in California. c. The unemployment rate in the US decreases

Economic questions

1. What determines price in a free market? 2. What are the conditions of perfect competition. Name each and explain with an example how the real markets can violate one of more of these conditions. Finally, and this is important, why would a firm want to violate them. 3. What is the relationship between inflation and un

Forecasting/Policy

1. What is the current business cycle situation in the U.S. today (Fall 2009)? Discuss each sector of aggregate demand (C+I+G+X), interest rates, and inflation. 2. What macroeconomic policy mix do you anticipate that the President and the Federal Reserve FOMC will set for 2010? Where would you find the formal statements of t

Assess

1.) Assess the overall economic health of our nation and the economic health of the federal government. 2.) Given your response to the above as it relates to the federal government...what strategies do you believe the government should pursue (given the projected future state of our economy) to better position itself give

ECON_Q2

Please see attachment. -------------------------------- 1. The purchase of financial assets such as stocks and bonds is not included in GDP because a. taxes are paid on them. b. brokerage firms don't want them to be included. c. they are too expensive. d. when households buy stocks and bonds, they are making lo

asymmetric impact of monetary policy

Although the US economy might be in even worse shape at the present time if the Fed had not reduced its Fed funds target between August 2007 and January 2009 from 5.25% to .25%, the unemployment rate has risen to almost 10% and we have officially been in a recession since January 2008. Why have the Fed's rate reductions not had

Questions for Micro Paper

I want to answer the following question to incorporate in my paper with about 150 to 200 words and at least two references, one from Colander: Economics,Seventh Edition. Using the following professional information: I currently work as a Assistant Director of Admissions (college recruiter) for an online university, enro

Macro Question

The recently passed (Winter, 2009) "American Recovery and Reinvestment Act" contains a mix of tax rebates, tax credits and increases in various transfer payments (such as extension of unemployment compensation). It also contains funding for a large number of infrastructure spending projects and some funding for scientific resear

Managerial decision making: Market Structures

I need help answering the following questions: 1) Creat a solution using strategic variables available to you to sustain the economic profits a business can earn. 2) What are some of the pricing strategies that you would recommend? 3) What are some of the non-pricing strategies that you would recommend? 4) What kind of inno

Two Articles Relating to the Principles of Economics

Identify two of the Ten Principles of Economics. I need help finding 2 articles from website http://www.economist.com about the economy that have been in the news lately. For each story, identify 2 Principles of Economics which are current, and identify one unique principle for both articles. The Ten Principles of Economics ar

Economics - you won a free ticket to see an Eric Clapton concert (which has no resale value). Led Zeppelin is performing on the same night and is your next-best alternative activity.

Please see attachment. "Show" typically means a graph/draw in addition to wording. Thank you. 1. You won a free ticket to see an Eric Clapton concert (which has no resale value). Led Zeppelin is performing on the same night and is your next-best alternative activity. Tickets to Zepp cost $75. On any given day, you would

The Effect of Taxes and Subsidies on the Demand and Supply of Milk

Suppose the demand and supply for milk are described by the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars, Q D is quantity demanded in millions of gallons per year, and Q S is quantity supplied in millions of gallons per year. 1. Create demand and supply tables corresponding to these equati

Unemployment research

Http://stats.bls.gov/ 1. First, state the most recent unemployment rate for all workers in the U.S. 2. Within the unemployment data are the recent unemployment rates for various groups in the U.S. (The unemployment rate is the percentage of that group that is IN THE LABOR FORCE, BUT UNEMPLOYED). I would like to look

Microeconomic and Macroeconomic analysis

Find an article in a business magazine or journal (paper or online) and first summarize the facts presented in the article and then relate these facts to some microeconomics or macroeconomic concept that you discovered in the reading. Identify and distinguish microeconomic analysis from macroeconomic analysis; also identify and

Inflationary and Recessionary Gaps and Aggregate Supply

Dear OTA: Could you please explain the following to me. I am struggling with economics. Thanks ***Please compare and contrast the concepts of inflationary and recessionary gaps. ***Please discuss the effects of an increase and decrease in productivity on aggregate supply. Thank you

Supply and Demand, Market Equilibrium & Cost Data

5. (TCO B) The following table shows part of the demand for tickets to a local sporting event: Price(P)...Quantity(Q) 15...........40 10..........100 6............150 3............250 a. Is demand elastic in the $3 - $6 price range? b. Ed = 0.8 in the $6 - $10 price range. In this range of demand, by what percentage w

Minimum Wages

Discuss the following from an economic perspective and give numerical examples: Minimum wages - artificially setting wages above market level is going to cause distortions in the allocation of resources in society.

The current rate of unemployment of 5% is too high. This is an example of

The current rate of unemployment of 5% is too high. This is an example of a. normative statement b. positive statement c. the circular flow model d. none of the above. My answer is C because The circular-flow diagram represents the transactions in an economy by flows around a circle. The primary difference between a