Q: What was real per capita GDP in 1933 measured in 2008 prices
What was real per capita GDP in 1933 measured in 2008 prices? (Use the data in Table 5.4 to compute your answer.)
See AnswerQ: Between 2000 and 2010, by how much did (a
Between 2000 and 2010, by how much did (a) The labor force increase? (b) Total employment increase? (c) Total unemployment increase? (d) Total output (real GDP) increase?
See AnswerQ: What would have happened to shrimp prices and consumption if the government
What would have happened to shrimp prices and consumption if the government had prohibited price increases after the BP oil spill (see News, p. 58)?
See AnswerQ: How might a nation’s production possibilities be affected by the following?
How might a nation’s production possibilities be affected by the following? a. A decrease in income taxes. b. An increase in immigration. c. An increase in military spending. d. An increase in college...
See AnswerQ: What was the “soaring” inflation rate in the United Kingdom
What was the “soaring†inflation rate in the United Kingdom in early 2011 (World View, p. 148)? Why was it such a concern?
See AnswerQ: In the previous problem’s market equilibrium, what is (a
In the previous problem’s market equilibrium, what is (a) The market value of the good? (b) The social value of the good?
See AnswerQ: If the labor force of 150 million people is growing by 1
If the labor force of 150 million people is growing by 1.5 percent per year, how many new jobs have to be created each month to keep unemployment from increasing? Web query: By how much did U.S. emplo...
See AnswerQ: What are the opportunity costs of developing wind farms to generate “
What are the opportunity costs of developing wind farms to generate “clean” electricity? Should we make the investment?
See AnswerQ: (a) If Haiti’s per capita GDP of roughly $1
(a) If Haiti’s per capita GDP of roughly $1,150 were to DOUBLE every decade (an annual growth rate of 7.2 percent), what would Haiti’s per capita GDP be in 50 years...
See AnswerQ: How does the slope of the AS curve affect the size of
How does the slope of the AS curve affect the size of the AD shortfall? If the AS curve were horizontal, how large would the AD shortfall be in Figure 11.3?
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