Economics - February 2007

2007-02-26 18:27:08 · 4 answers · asked by some chic 1

Thank you!!

2007-02-26 17:47:40 · 5 answers · asked by elephant_me 1

bribe taking by government officials and is corruption always bad?

2007-02-26 17:46:13 · 8 answers · asked by Anonymous

What is the difference between economic growth and expansion.?

And

What are the Cost of inflation? Please give atleast two examples.

2007-02-26 16:15:28 · 3 answers · asked by Younas 1

When you consider such doomed-to-fail schemes as pensions and social security, I always wonder, were the powers that be in the 1930s, 40s, 50s totally ignorant of demographic trends? Did ANYONE ANYWHERE notice that people were living longer? Did anyone have the brains to realize that a higher ratio of old people:young people would make social security a Ponzi scheme?

Just wondering if there were any prescient voices of warning in those days of innocence and stupidity.
..

2007-02-26 15:42:57 · 2 answers · asked by KevinStud99 6

above types of goods,explain and evaluate the actions you would take to increase the revenue earned from sale of each type of good.

2007-02-26 15:14:48 · 1 answers · asked by hui 1

I need help with furniture ,am starting over and divorcing and going to leave everything,is there any organizations that help with such a thing?

2007-02-26 14:50:39 · 8 answers · asked by wendy_miller96 1

Especially in the manfacturing sector?

2007-02-26 14:11:58 · 12 answers · asked by Andres 6

i need help!
ima 6th grader that needs help unscrambling in science words this:otnssps

2007-02-26 13:08:14 · 5 answers · asked by valeria campa 2

2007-02-26 13:00:52 · 4 answers · asked by Anonymous

Everyone says "the rich are getting richer and the poor are getting poorer.

Most of the rich are getting richer. There are many exceptions (Michael Jackson, Vanilla Ice, MC Hammer, etc).

However I think by in large the poor are getting richer. Now many of the "poor" work 40 hours (or less) per week, are over weight, own cars, cell phones, tv's, and cable subscriptions.

Now If Bill Gates' net worth doubles, the gap between the rich and the poor has just doubled, however this does not make the poor and more poor.

So, where is the evidence that the majority of the poor are getting poorer???

2007-02-26 12:37:35 · 16 answers · asked by Ender 6

Explain why the government consumption expenditures (G) component of GDP falls short of actual government expenditures

2007-02-26 12:35:00 · 3 answers · asked by styles4u 4

2007-02-26 12:33:52 · 1 answers · asked by bluebird_chica 2

2007-02-26 12:33:29 · 5 answers · asked by michelle h 1

2007-02-26 12:22:33 · 5 answers · asked by Anonymous

It has a red star......not sure if that means anything special or not?

2007-02-26 12:19:18 · 1 answers · asked by Anonymous

I have researched this a little bit in the past, but could only ever get one sided information. If you have an opinion, let me know. Factual information is always good too.

2007-02-26 12:11:07 · 6 answers · asked by emaaaazing! 4

Are they a joke or what .

2007-02-26 12:07:19 · 1 answers · asked by Benchwarmer 3

2007-02-26 12:05:47 · 4 answers · asked by styles4u 4

2007-02-26 11:52:59 · 3 answers · asked by proofofignorance 3

Question 1.

Suppose, in deciding what price to set for its latest animated movie, Disney decided to charge either $14.95 or $12.95 for a video or DVD. They estimated the demand for these videos or DVDs to be quite elastic. What price did it choose and why?

Question 2.

Suppose the marginal utility per last dollar spent on hamburgers is greater than the marginal utility per last dollar spent on chocolate malts. Assuming a consumer purchases only hamburgers and malts, what should the consumer do if she wishes to increase her total utility from the consumption of these two goods? Why?

2007-02-26 10:34:42 · 1 answers · asked by mohotbabe 2

Can someone please help me with this questions.

1. This week you have gone to 2 parties. Assume the total utility you gained from these parties is 100 utils. Then you go to a third party, and your total utility rises to 110 utils. What is the marginal utility of the third party attended per week? Given the law of diminishing marginal utility, what will happen to total utility and marginal utility when you go to a fourth party this week?

2. Suppose your marginal utility for meals at the campus cafeteria this week has fallen to zero. Explain what has happened to your total utility curve derived from consuming these meals. Now explain what will happen to total utility if you eat more meals at the cafeteria this week.?

Please someone help, thanks a lot.

2007-02-26 10:25:20 · 2 answers · asked by Katy 1

I have this take home test, but the book I have is useless. If anyone knows Econ real good and want to help feel free to email me..

2007-02-26 10:17:37 · 1 answers · asked by the PimP cHiMp 2

I'm working on Macroeconomics and I'm trying to understand fiscal and monetary policy. The question is:
a.) When the economy is under potential GDP, what fiscal policies will bring it back to potential?
b.) What monetary policies will bring it back to potential?
c.) What will the effect of these policies be on price level?
d.) What will the effect be on unemployment?

Please note that this isn't a graded assignment. I'm just trying to understand and my book isn't very clear.

2007-02-26 10:09:27 · 1 answers · asked by Anonymous

use statistics, one paragraph

2007-02-26 09:56:49 · 1 answers · asked by Ariana S 1

1. What is meant by the underground economy?
3. Is the output of the underground economy counted in measuring GDP? Why or Why not?
2. What are some of the different ways in which economists try to measure the size of the underground economy?

2007-02-26 09:52:09 · 1 answers · asked by matty g 1

If the rate of economic growth for the U.S. economy in a given year, measured by the percentage increase in real GDP, was 4%,

(a) inflation that year was also 4%.
(b) the unemployment rate that year was also 4%.
(c) aggregate nominal income grew by 4% that year.
(d) aggregate real income also grew by 4% that year.
(e) aggregate real income didn't grow at all that year

2007-02-26 09:48:29 · 1 answers · asked by matty g 1

2007-02-26 09:34:28 · 4 answers · asked by big_devil01 1

Declines in real GDP from one year to the next are likely to result in declines in each of the following EXCEPT

(a) incomes.
(b) the standard of living.
(c) the employment level.
(d) employment opportunities.
(e) nominal GDP.

2007-02-26 09:32:59 · 2 answers · asked by matty g 1

Ok, so if inflation is 3% year on year for 5 years, and a bar of chocolate is £1 at the start of year 1, it will be £1.03 at the start of year 2 - that's straightforward enough.

Then for year 3 that same bar will be 3% of £1.03 which is £0.0309, so that it now costs £1.0609.

However, what is the forumla used so that, if we have the rate of inflation year on year, for each year in a sequence, we can look at what a good cost in year 1, and work out what it would cost to buy that same good in real prices further down the line (or vice versa, work out how inflation has increased prices and work out what they would have cost some time in the past if we have the necessary inflation data).

WHat i want to know is, is there an accurate way to have an annualised inflation rate worked out for a set of years where we have the year on year inflation that will allow us to work out the compounded affect of inflation, either up or down the scale?

Cheers!

Thanks.

2007-02-26 09:30:00 · 2 answers · asked by dave g 1