Economics Homework Solutions

Purpose of economic indicators

What is the purpose of economic indicators? What should you do if economic indicators are in conflict with each other?

GDP

Does GDP accurately reflect our nation's productivity? Why or why not?

Influence Tactics

Three specific business problems that can be addressed through the use of "influence tactics."

Effective communication

How is successful delegation directly related to effective communication?

Participation

Participation should be used to improve leadership effectiveness, when & why?

Groups

"In Groups" and "Out Groups" compare and contrast.

Excel problem

Calculate present value; interest; NPV; IRR etc. on spreadsheet --- A plan is made to start a school with a one-year training course. The plan involves running this school for 10 years. In the first four years 20, 30, 40 and 50 students are expected to enroll, while for the remaining years the number is assumed to grow by 5% ...continues

Inflation

Define inflation and distinguish a real concept from a nominal concept. State two important costs of inflation

Inflation and Growth

Explain the different views on the relations between inflation and growth.

Multiplier Model

List six reasons why the multiplier model might be misleading.

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