Society must have a proportionate exchange in the way economic conditions are ran. Economically‚ a society must run efficiently‚ but most importantly‚ it must run equally ( Mankiw1-1a). In the text "Brief Principles of Macroeconomics‚" author Gregory Mankiw acknowledged to us that‚ "equality means that those benefits are distributed
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Question 1 – 10 marks The table lists some macroeconomic data for a country in 2012. Item | Billions of dollars | Wages paid to labour | 850 | Consumption expenditure | 1‚100 | Profit‚ interest and rents | 340 | Investment | 170 | Government expenditure | 310 | Net exports | −54 | (a) Calculate the country’s GDP in 2012. (1 mark) (b) Explain the approach (expenditure or income) that you used to calculate GDP. (1 mark) An economy produces
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proposed relations between these factors Before discussing the main dependent and independent factors of critical realism theory‚ we need to know what the terms ‘dependent factors’ and ‘independent factors’ mean. The independent factor is typically the variable representing the value being manipulated or changed and the dependent factor is the observed result of the independent factors being manipulated. The main dependent and independent factors that are being studied in critical realism theory are as
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• A2 Key Terms Copyright © 2009 AQA and its licensors. All rights reserved. The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee registered in England and Wales (company number 3644723) and a registered charity (registered charity number 1073334). Registered address: AQA‚ Devas Street‚ Manchester M15 6EX. Dr Michael Cresswell‚ Director General. Teacher Resource Bank / GCE Communication and Culture / Other Guidance: A2 Key Terms / Version 1.0 A2 KEY TERMS
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Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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The Florida Keys and Key West Florida has many Venues to offer as a state‚ but one of its most unique infrastructures is the Florida Keys and Key West. Florida’s tourism is a big money maker for the state in the Keys and Key West they have many places for tourist to go that are so different than any other place in Florida. The Florida Keys are the most southern point in the continental U.S.A.‚ and they offer 150 miles of very unique interest and pastimes for everyone. (Meinking) Their motto is to
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Q1) Which of the following is a correct pair of a resource and its opportunity cost? a) land and interest b) capital and rent c) labor and wages d) services and rent Q2) Joe could be at three different jobs that pay $15‚ $10‚ and $8 respectively. If he is not working‚ the opportunity cost is... a) $15. b) $10. c) $8. d) $33. Q3) Apples‚ oranges‚ and peaches are the same price. In descending order‚ Joe’s favorite fruits are apples‚ oranges‚ and peaches. If Joe buys an apple‚ the
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from public taxes; the MLB as a whole brought in $132 million in 2005 of operating income‚ which jumped to $360 million of in 2006 (Orzanian). The overlapping schedules make the National Football League the most competition the MLB has for viewers. Key Issues: In 1994‚ the league tried to impose a salary cap on the professional players‚ this action resulted in a player strike. This strike lasted into the 1995 season‚ before the teams decided to impose a “luxury tax”‚ which taxes the teams who have
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1) Keys to success. Explain supply chain of the company and draw the supply map. Pepsi has go to market strategy‚ so company tries to cut the costs by bringing the product directly to the market they try to have less wear houses but it didn’t mean that distribution and wear houses were not connected. Warehouse Infrastructure Initiative became the Direct shop Delivery Transformation Initiative. Pepsi Company has a supplier code to clarify their health and safety while distributing their product; they
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n i=1 xi = a n x ¯ where x = ¯ 1 n i=1 xi 4. FALSE If X and Y are independent random variables then: E (Y |X) = E (Y ) 1 5. TRUE If {a1 ‚ a2 ‚ . . . ‚ an } are constants and {X1 ‚ X2 ‚ . . . ‚ Xn } are random variables then: n n E i=1 ai X i = i=1 ai E (Xi ) 6. FALSE For a random variable X‚ let µ = E (X). The variance of X can be expressed as: V ar(X) = E X 2 − µ2 7. TRUE For random variables Y and X‚ the variance of Y conditional on X = x is given by: V ar(Y |X = x) = E Y 2 |x − [E
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