Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Global Economic Watch Go to the Global Economic Crisis Resource Center. Write a summary of an article about a price index in a foreign country.
Global Economic Watch Go to the Global Economic Crisis Resource Center. What does the author mean by gross domestic transactions?
Consumer Price Index Calculate a new consumer price index. Calculate the current year's cost of market basket and the value of the current year's price index.
GDP Price Index The health expenditure component of GDP price index has been rising steadily. How might the index be biased by quality and substitution effects?
Consumer Price Index One form of the CPI that has been advocated by lobbying groups. Why should the BLS produce such an index for the elderly?
GDP and Depreciation What is gross about gross domestic product? Could an economy enjoy a constant-or growing- GDP while not replacing worn-out capital?
Both goods have been decreasing in price and improving in quality. What problems does this pose for people responsible for calculating a price index?
Explain why net inventory increases are counted as part of GDP. Discuss why it is not sufficient to measure the level of inventories only for the current year.
Leakages and Injections What are the leakages from and injections into the circular flow? How are leakages and injections related in the circular flow?
Why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly?
Compare and contrast what the leading indicators in the two countries are forecasting.
How are economic fluctuations linked among national economies? Could a recession in the United States trigger a recession abroad?
Why doesn't the National Bureau of Economic Research identify the turning points in economic activity until months or even a year after they occur?
Describe the various components of fluctuations in economic activity over time. Because economic activity fluctuates, how is long-term growth possible?
The National Economy Why do economists pay more attention to national economies than to state or provincial economies (such as California or Ontario)?
Bureaucracy and Representative Democracy firm is described as combining managerial coordination. Why Does similar behavior occur in government bureaus? Explain.
Bureaucracy and Representative Democracy How do the incentives and feedback for government bureaus differ from those for profit-making firms?
What is the underground economy? What is the impact on the underground economy of instituting a tax on a certain productive activity?
What role might the underground economy play in lessening the drop in productive activities?
What does this article reveal about the role of politics in setting antitrust policy?
What was the government's argument in the Microsoft trial and what was the company's defense? Which side prevailed?
Find an article about the effects of poverty and discrimination in a foreign country. Has discrimination increased poverty in that country?
Global Economic Watch Go to the Global Economic Crisis Resource Center. What is the difference between absolute and relative poverty?
Welfare Reform What has happened to the number of people on welfare since 1994? What explains the change over time?
Disincentives How does the implicit tax on earned income affect work incentives? How do some people avoid the implicit tax?