Name: _______________________ Team: _______________________ AP Macro Problem Set #2 Unit 2: Measurement of Economic Performance 1. (_____/15) Article Analysis Read each of these current articles and identify three different concepts we learned that are mentioned. Define and summarize what is being said for each concept that you identify. a. GDP Article (_____/5) b. Unemployment Article (_____/5) c. Inflation Article (_____/5) 2. ( ____/15 Points) Gross Domestic Product a. Define GDP‚ identify what is not included
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Unit 3 Assignment 1: Supply and Demand GE273 Microeconomics Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer
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Continuing Cookie Chronicle – Problem 2 After researching the different forms of business organization‚ Natalie Koebel decides to operate Cookie Creations as a proprietorship. She then starts the process of getting the business running. During the months of November and December 2013‚ the following activities take place: Nov. 12 Natalie cashes her Canada Savings Bonds and receives $980‚ which she deposits in her personal bank account. 12 She opens a bank account under the name “Cookie Creations”
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Business Resources Unit 2 Level 3 Task 1 Criteria P1 Describe the recruitment documentation used in a selected organization that you have been studying. Recruitment documentation basically means filling information and personal details about the vacancy that the person is applying for. Recruitment documentation consists of all the copies of application forms and supporting documents‚ and notes from all the panel members as well as regarding that the
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1. Conceptions 1.1. Demand The demand in economics is the amount of a product that consumers are willing and able to purchase at each specific price in a set of possible prices during some specified period of time (Jackson et al.‚ 2004). In addition‚ it is a relationship between two economic variables which are the price of a particular good and the quantity of the good that consumers are willing to buy at that price (Taylor and Frost‚ 2002). Demand also can be described by a table or a
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From: Tanjila Namaji To: Mr. Ladi & Ben Course: BTEC National Diploma in Business Investigating Business Resources Unit - 2 ID Number: 25068636 Level 3 Year 1 Task-1 P1‚ P2 & P3 To: Mr. Ben Johnson (Managing Director) From: Tanjila Namaji (BTEC Business Student) Subject: How Burma Castro can manage its Human Resources effectively. Date: 27th April 2010 (P1) Introduction “Burma Castro has been in business for five years in southern Asia. The company’s initial
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General Certificate of Education Advanced Subsidiary Examination January 2013 Sociology SCLY2 Unit 2 Thursday 24 January 2013 9.00 am to 11.00 am For this paper you must have: an AQA 12-page answer book. Time allowed 2 hours A Instructions Use black ink or black ball-point pen. Write the information required on the front of your answer book. The Examining Body for this paper is AQA. The Paper Reference is SCLY2. This paper is divided into two sections.
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Marked Problem Set 2 - Solution Notes 1. First‚ compute the correlation coefficient between assets A and B ρ(RA ‚ RB ) = Cov (RA ‚ RB ) −0.0322 = = −1. σ (RA )σ (RB ) 0.14 × 0.23 The assets are perfectly negatively correlated. Consider portfolio P formed from assets A and B such that you invest α fraction of your wealth into A and (1 − α) fraction into B. The variance of such portfolio is σ (RP )2 = = = = α2 σ (RA )2 + (1 − α)2 σ (RB )2 + 2α(1 − α)Cov (RA ‚ RB ) α2 σ (RA )2 + (1
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PT1420 - Unit 2 Homework and Lab Assignment Unit 2 Assignment 1: Homework (material from Chapter 2of your text book) 1.) What is pseudocode? An informal language used to develop a programs design 2.) Computer programs typically perform what 3 steps. Input‚ Processing‚ and Output 3.) What 2 things must you normally specify in a variable declaration. Variable name and data type 4.) Write assignment statements that perform the following operations with the variables a‚ b‚ and c: a. Adds 2 to a and
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DEMAND AND SUPPLY In the market economy‚ the interaction of the buyers and sellers determines how the market will work. Buyers demand and producers sell for a particular quantity of goods and services at a certain level of prices. To Adam Smith‚ widely cited as the father of Modern Economics and Capitalism‚ in a free market‚ consumers are free to choose varieties of commodities‚ while producers have freedom of choice the commodities for sale and its production. Market settles on the price that
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