Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year.

Year Price of Pizza Quantity of Pizza Price of Burger Quantity of Burger Price of coffee Quantity of Coffee 2019 $ 8 350 $ 10 200 $ 8 150 2020 $ 10 500 $ 12 250 $ 10 250 2021 $ 13 700 $ 14 400 $ 15 400 1.Suppose people consume 3 different goods. […]

What is Jon’s pure economic profit (or loss) in numbers?What are Jon’s total revenues?

Use the concepts of fixed and variable costs to explain why 30% of dry cleaners would close but the other 70%, also operating at a loss are able to remain open.( 10 points ) ⦁ When a firm is “temporarily closed” (the firm shuts down) does the firm eliminate all of its costs of production? […]

Prepare an Excel spreadsheet that has two columns and four rows. In cell A1, type in the industry you selected and bold the text. In the heading for cell A2, type “Year.” In cells A3, A4, and A5 descending below this heading, type the years for your data. In the automobile example, this would be 2017, 2018, and 2019.

Week 3 Assignment – Microeconomics Case Study Instructions In this exercise, you will demonstrate your ability to find microeconomic data from public sources and to make a spreadsheet in Excel. You are required to use Statista to complete your research. Microeconomic data are numbers about a single industry. Automobile sales numbers are microeconomic data. Unemployment […]

How do ordinal data differ from nominal data?

PM 510 Homework 1 Economics Problems not marked with [SPSS] should be done by hand, as problems similar to those could be on the Midterm and/or Final. Problems marked with [SPSS] are intended to be done with SPSS. For these problems, please attach the output file. How do ordinal data differ from nominal data? State […]

Is the cultural, legal, and political environment of Vietnam favorable to American investments?

Is the cultural, legal, and political environment of Vietnam favorable to American investments? 3 pages single space. MLA format. In order to answer this question, you need to address the following: -Use Hall’s framework to characterize the culture of this country. Would the cultural characteristics you have identified present challenges or opportunities to American investors? […]

Using the Global Wealth Chain typology of Seabrooke and Wigan (2017) what type of wealth chain is each of these investors likely to employ and why?

Answer 1 out of 2 questions First, read: Seabrooke, L. and Wigan, D., 2017. The governance of global wealth chains. Review of International Political Economy , 24 (1), pp.1-29. Hofman, A. and Aalbers, M.B., 2019. A finance-and real estate-driven regime in the United Kingdom. Geoforum , 100 , pp.89-100. Mulhearn, C. and Franco, M., 2018. […]

Explain two criticisms of GDP as an economic indicator.What is the difference between absolute and relative poverty?

IGCSE ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT 1. Give two areas economists focus on when judging ‘economic development’. 2. Explain two criticisms of GDP as an economic indicator. 3. Other than GNI per capita, what are the components of the Human Development Index? 4. What is the difference between absolute and relative poverty? 5. Give two policies […]

Provide an introduction which clearly outlines its aims and objectives and an overall set of conclusions and recommendations and a 1-page executive summary of findings.

The Department for Levelling Up, Housing and Communities (DLUHC, formerly MHCLG) is the national government department responsible for planning in the UK. Since 2010, the Conservative-Liberal Democrat Coalition and subsequent Conservative governments have introduced a series of planning reforms aiming to make the planning system more ‘growth- orientated, sustainable, efficient, accessible and participatory’. The government’s […]

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