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Author Archives: Anonymous

For a closed economy, GDP is $18 trillion, consumption is $1…

For a closed economy, GDP is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving?

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Exhibit 4-8 Refer to Exhibit 4-8. A shift from demand curve…

Exhibit 4-8 Refer to Exhibit 4-8. A shift from demand curve D to demand curve D’ would be caused by a(n)

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Table 23-2The table below contains data for country A for th…

Table 23-2The table below contains data for country A for the year 2010. Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 Household purchases of new housing $704 Purchases of capital equipment $310 Inventory changes $374 Purchases of new structures $611 Depreciation $117 Salaries of government workers $1422 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Refer to Table 23-2. What were country A’s exports in 2010?

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According to the loanable funds model, which of the followin…

According to the loanable funds model, which of the following events would result in higher interest rates and greater saving?

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   According to the table, which country will have the lowes…

   According to the table, which country will have the lowest real GDP per capita in 23.33 years?  

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A U.S. firm produces nail guns in the first quarter of 2010…

A U.S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U.S. construction company. In which quarter(s) is (are) GDP higher?

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A U.S. publisher purchases new computers that were manufactu…

A U.S. publisher purchases new computers that were manufactured in the U.S. This purchase by itself makes

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**Suppose tests on laboratory animals show that, because of…

**Suppose tests on laboratory animals show that, because of its high cholesterol content, peanut butter is a major cause of artery disease.  At the same time, suppose that unusually good weather produces a bumper crop (larger crop than usual) of peanuts.  Which of the following is likely to occur in the market for peanut butter?

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Figure 9-6The figure illustrates the market for roses in a c…

Figure 9-6The figure illustrates the market for roses in a country. Refer to Figure 9-6. The imposition of a tariff on roses

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Although freshwater is very abundant in most places, it is s…

Although freshwater is very abundant in most places, it is scarce because:

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