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[DOC File]SOLUTIONS TO TEXT PROBLEMS:
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c. Since a U.S. worker produces either 4 cars or 10 tons of grain, the opportunity cost of 1 car is 2½ tons of grain, which is 10 divided by 4. Since a Japanese worker produces either 4 cars or 5 tons of grain, the opportunity cost of 1 car is . 1 1/4 tons of grain, which is 5 divided by 4.
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[DOC File]CHAPTER OVERVIEW - Crawford
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Describe what has happened to U.S. real GDP and real GDP per capita since 1950. Explain what is meant by a business cycle. Graph and describe the four phases of an idealized business cycle. Describe the U.S. experience with recessions since 1950. Describe how the Bureau of Labor Statistics (BLS) measures unemployment.
gdp growth rate by year since 1900

[DOC File]Chapter ending questions:
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Answer: Sub-Saharan Africa is the only world region where food output per capita fell from the early 1960s to the late 1990s. since 1950 has not increased its production like other countries. Since 1960, foodgrain output has not increased much in excess of about 50 million tons while population has increased; thus a negative per capita growth rate.
usa gdp 1950

[DOCX File]Econ 201 Exams#1 Twomey UM-D
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4 (13 points). Consider a situation with stable prices, where the marginal propensity to consume is 0.75, and private sector investment spending increases by $200 billion. What will be the ultimate effect of this new spending on real GDP? Illustrate your answer with an AS-AD graph.
us gdp growth chart

[DOC File]Economic Growth Using Maddison Data
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Q12) Create a chart of the Real GDP per person of Argentina and Japan. Change the x scale to start in 1950. What do you conclude about the economic performance of these two countries since 1950? Enter your answer in this box. The Lesson of Questions 11 and 12. From the Intro sheet:
us domestic growth by year

[DOC File]Multiple choice questions
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18. What is gross domestic product (GDP)? a. income earned through foreign exchange. b. the number of dollars earned in industry. c. income earned within a country’s boundaries. d. goods received from the nation’s local residents. 19. What is the ratio of population density of developing countries to the population of developed countries? a ...
economy chart 10 years

[DOC File]Instructor Pages
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(7) One way to measure a country’s economy is per capita gross domestic product, or per capita GDP. This is the value of all the products and services produced in a country over the course of a year divided by its population. (a) According to the CIA’s The World Factbook, in 2010, the United States had a per capita GDP of $47,400.
us economy over 10 years

[DOC File]CHAPTER TEN - SCHOOLinSITES
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As GDP declines, the number of jobs and total income will also decline, but eventually the GDP and aggregate spending will be in equilibrium at $470 billion. E. Graphical analysis is shown in Figure 10-2 (Key Graph). At $470 billion it shows the C + Ig schedule intersecting the 45-degree line which is where output = aggregate expenditures, or ...
graph of us gdp over time

[DOCX File]web.mnstate.edu
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Calculate Real GDP per capita since 1950. Attach a graph of your results. This graph should have Real GDP per capita on the vertical axis and time on the horizontal axis. What is this variable measuring? In at most one double spaced page, describe what the graph suggests happened to …
statistics on united states gdp historical

[DOC File]CHAPTER NINE
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As GDP declines, the number of jobs and total income will also decline, but eventually the GDP and aggregate spending will be in equilibrium at $470 billion. E. Graphical analysis is shown in Figure 9.2 (Key Graph). At $470 billion it shows the C + Ig schedule intersecting the 45-degree line which is where output = aggregate expenditures, or ...
gdp growth rate by year since 1900

Graph of gdp since 1950