Calculating the GDP, NDP, GNP, NI etc from a data set.

Consider the national income and output data listed: 1)Personal Consumption Expenditure= 1491 2)Transfer Payments 274 3)Depreciation -234 4)Retained earnings-112 5)Gross Fixed Investment-378 6)Fed. State Local Govts'Purchases-354 7)Changes in Bus.Inventories-26 8)Interest PaidToInstitutions-176 9)Imports-248 ...continues

Economics

Classify the various categories of 'gross private domestic investment'. Explain what is meant by each briefly. (The Prof. said, " I am not referring to 'net investment' and 'depreciation' when I say various categories.)

The concept of equilibrium

Many modern economists consider the concept of equilibrium rather strict, and not much applicable to real world problems. Explain the concept, citing 2 real world events.

Comparative advantage and absolute advantage

Can you please discuss the difference between comparative advantage and absolute advantage. Also, provide a specific example so I can understand the difference. How do changes in interest rates, inflation, productivity and income affect exchange rates? Also can you give specific examples of how technology and e-busines ...continues

Effects on the economy when corporations don't pay federal taxes.

When corporations get away with not paying federal taxes, how does it effect our economy in the long run?

Exchange rate for traded good according to the "Law of One Price": Suppose that there are only two goods produced in the world: computers, which are traded internationally and ice cream which is not. B. Calculate the market exchange rate between the currencies of the two countries. C. What is the ratio of GDP per capita in Rich land to GDP per Capita in poorland, using Market exchange rate?

Suppose that there are only two goods produced in the world: computers, which are traded internationally and ice cream which is not. The following table shows in two countries: Computer Ice cream Price of Price of Produced Per capita Produced Per capita Computers in Local Currency ice cream Country Rich ...continues

It needs an equation rather than to calculate it manually

One day your economics professor shows you a picture of a BMW automobile. You mess around with different configurations for the available options and accesories and it can be yours for $77,942. You notice a rather sinister glint in your professor's eye as he notes your interest in the car, but tells you nonetheless that you wo ...continues

Solow Model

1. Verify that, for the neoclassical production function, the marginal product of capital and the marginalproduct of labor are in fact given by (respectively), ∂Y/∂K =f'(K) and ∂Y/∂L= f(k)- kf'(K) (Minimum requirement: a serious attempt at deriving these expressions.) the professor gav ...continues

introduction to economics

As a manager of a financial planning business I have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 10 phone calls, while Francis can either produce 3 financial statements or answer 12 phone calls. Does either person have an absolute advantage in producing both p ...continues

Countries with Economic Concern

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 ...continues