22. What is the difference between real and nominal? Real = Nominal – Inflation. Real GDP adjusts Nominal GDP for changes in the price level (inflation and deflation). Real GDP = Nominal GDP / Price Index 23. What’s not included in GDP? GDP represents the total market value of all final goods and services produced in a country in one year. Items excluded from GDP include: non-production transactions‚ existing goods or property sold/transferred‚ used
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1. The Bureau of Labor Statistics announced that in April 2010‚ of all adult Americans‚ 139‚455‚000 were employed‚ 15‚260‚000 were unemployed‚ and 82‚614‚000 were not in the labor force. Use this information to calculate: a. the adult population = employed+unemployed+not in the labor force=237329000 b. the labor force = employed+unemployed=154715000 c. the labor-force participation rate = (labor force/adult population) x 100= 65.2% d. the unemployment rate = (unemployed/labor force) x 100=
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into a route to outlaw slavery. This caused more division among the states. The Confederacy and its sympathizers did not see the future that President Lincoln explained as being a better future. John Wilkes Booth was one of the Confederate sympathizes and President Lincoln’s assassin. Booth was famous in his own right before killing President Lincoln because he was a famous theater actor. However‚
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has developed a social networking tool somewhat like Facebook called Performance Multiplier that will aid the employer as well as the employee in the performance evaluation process. Agree or disagree with this statement and provide reasons for your response. “If you have regular conversations with people‚ and they know where they stand‚ then the performance evaluation is maybe unnecessary.” Performance Multiplier is a tool in which employees can post status updates‚ photos‚ and two or three weekly
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Chapter 15 Learning Objectives Define the following terms: Money- any medium that is universally accepted in an economy both by sellers of goods and service as payment for those goods and service and by creditors as payment for debt Medium of exchange-any item sellers will accept as payment Barter-direct exchange of goods and services without the use of money Liquidity- the degree to which and object can be acquired or disposed of without much danger of any intervening loss in nominal
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2 Return your work Saturday‚ November 10‚ at 1:00 pm Problem (50 points) Use a blue book. You are given the following estimates about the monetary economy of the US: C/D = 0.1; T/D = 2; ER/D = 0.2‚ [pic]‚ [pic]‚ MB = 1000. Compute the money multiplier‚ the money supply‚ the level of currency and checkable deposits‚ the level of time deposits and excess reserves‚ and the level of total reserves and required reserves. Use the model of money supply determination discussed in class. Show your work
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Gabriel B. 1301: M‚W‚F @ 11am Lincoln’s Assassination Abraham Lincoln was pushed into the light of the world in Harden County‚ Kentucky on the 12th day of February 1809. 1 Born into a farming family‚ little Abe was no stranger to heavy labor and hardships. Thomas Lincoln‚ Abraham’s father‚ moved the family farm once locally before going to Indiana in 1816.2 Thomas’s move of the family may be attributed to their disapproval of slavery (the Baptist church they attended broke away from the
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Economics Assignment #2 Question I. Fiscal Policy and the Crowding Out Effect. (a) What is the essence of the accounting identity (the so called saving investment identity) that the two distinguished professors refer to? Saving investment identity is a concept in National Income accounting that states that the amount saved (S) in an economy is equal to the amount invested (I). It is an equilibrium expressed in terms of supply (S)‚ and demand
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However‚ humor this time aims to confuse and cast doubt on the truthfulness of the allusion. For instance‚ in Topdog/Underdog this is seen when Booth and Lincoln demonstrate a play where Abraham Lincoln is to be shot by John Wilkes Booth. “Try it. I’ll be the killer. Bang! Aaaah That’s good…You look like worm on the sidewalk. Move yr arms. Good. Now scream or something. Aaaah! Aaaah! Aaaah!” (Parks‚ pg. 51). In Typical American a similar
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Assassination The sixteenth President of the United States‚ Abraham Lincoln‚ was assassinated on April 14‚ 1865. This period of time in American history will forever be marked by his tragic death. He was shot by John Wilkes Booth‚ a Confederate sympathizer at Ford’s Theater. Booth‚ along with Lewis Powell and George Atzerodt planned to bring chaos among the federal government and have the Confederacy step in to overthrow them (Boardman‚ 1865). His plan succeeded in the death of President Lincoln. However
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