1. A woman deposits $100 into her son’s savings account on his first birthday. On his second birthday she deposits $125‚ $150 on his third birthday‚ and so on. (a) How much money would she deposit into her son’s account on his 17th birthday? (b) How much in total would she have deposited after her son’s 17th birthday? Working: Answers: (a) ………………………………………….. (b) ………………………………………….. (Total 4 marks) 2. The population of Bangor is growing each year. At the end of 1996‚ the population was
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Problem Set 1 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following topics is NOT a primary concern of macroeconomists? A) relative wages of skilled and unskilled workers B) unemployment C) differences in standards of living across countries D) fluctuations in the level of economic activity 1) 2) Primarily‚ macroeconomists use microeconomic principles to study A) business cycles and trends in the stock market
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following tasks by using the Microsoft® Word® document located on the student website: Change the document body to left alignment. Correct any header and footer misspellings. Set margins at 1 inch. Wrap text around graphics. Insert page numbers within the header. Replace the existing date with the auto date function. Set the hanging indention for all paragraphs at .25 inch. Create a comment for the introductory paragraph. Change bullet point styles. Create a table of contents using the Table
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ECON (2155) DOCUMENT DATA EXERCISE #1 Consists of four parts Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP)‚ then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables‚ click “Begin using the data”‚ and use Section 1 - Tables 1.1.5 and 1.1.6 to
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A Case Study on Brunt Hotels‚ PLC A Case Study on Brunt Hotels‚ PLC Course Name: Macroeconomics Course Code: MGT-3125 Submitted To: Fahmida Akter Nipa Lecturer‚ Department of Management Studies Jagannath University‚ Dhaka. Submitted By: Group Name: Adroit Section: B 3rd year 1st semester Session: 2010-2011 Department of Management Studies Jagannath University‚ Dhaka. Date of Submission: September 04‚ 2013. Group Details
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employer is to maximise profit. [D.Hamermesh 1996] Farmers want to maximise profit through paying the bare minimum for the unskilled labour. However‚ from a farm workers perspective‚ they want to be paid the highest possible wage. The suggested solution set by the government is to increase minimum wage for unskilled labours. However‚ in the case of a minimum wage one might argue that regulating a minimum wage is needed to prevent exploitation. [P. Dibben 2011] In the most recent strikes‚ farm workers demanded
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If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain
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PROBLEM SET 1 Name: ______________________________________________ Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a.) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b.) What is the equilibrium
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were created by a past student for their personal revision purposes and as such may contain errors‚ typos‚ outdated statistics etc. Students are advised to read all material critically and for best results‚ to make their own notes based on official ECON lecture slides and notes and the BOF textbook. ECON1102 Macroeconomics Summary otes What is Macroeconomics? Macroeconomics is concerned either with the economy as a whole or with the basic subdivisions or aggregates that make up the economy
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1. Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If the central bank does not respond to this event‚ what will happen to the price level? Use a diagram to assist in answering this question. 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. 3. Suppose that the T-account for The Open Campus National
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