2."Even though the Great Recession officially ended, the unemployment rate is still considered high." Discuss.
In: Economics
You have an Excel file attached to this link. You are to first transpose the data so that, instead of being in the horizontal format, it will be converted to the vertical form. Then to run a Multiple Regression and see which of the independent variables are significant and whether the overall model is significant. You also should be able to comment on the goodness of the fit. All of these require that you have thoroughly watched the video lectures on Multiple Regression first.
| y | 1786 | 2146 | 2358 | 2218 | 2038 | 2456 | 1624 | 2386 | 1966 | 2562 | 2312 | 2064 | 1712 | 1956 | 2034 | 2182 | 2096 |
| x1 | 27 | 32.8 | 36.6 | 34.8 | 31.4 | 37.6 | 26.1 | 36.2 | 41 | 37 | 36.2 | 32.3 | 44.1 | 28.4 | 28.8 | 40.6 | 40.3 |
| x2 | 7 | 7.7 | 7.4 | 13.2 | 16 | 10 | 4.5 | 11.6 | 7.1 | 9.7 | 12.7 | 14.8 | 6.9 | 11.4 | 6.4 | 7.4 | 6.4 |
| x3 | 284 | 509.04 | 692.96 | 602.24 | 448.56 | 746.16 | 255.11 | 672.24 | 942 | 714 | 672.24 | 486.99 | 1140.71 | 332.16 | 346.64 | 917.76 | 899.79 |
In: Economics
Explain CLEARLY a minimum of 2 theories that the Thomas Robert Malthus developed that had significance to the field of economics.
In: Economics
What were Maynard Keynes' economic perspectives? Do you agree/disagree?
In: Economics
Talk about some interesting facts about Thomas Robert Malthus.
In: Economics
|
Year |
Nominal GDP |
GDP Deflator (Base year = 2010) |
|
2012 |
646 |
104 |
|
2013 |
662 |
107 |
Calculate Real GDP in 2012
2) Given the data below calculate Nominal GDP, Real GDP, and the GDP Deflator using 2010 as the base year.
|
Year |
Price of Ford Mustang |
Quantity of Mustangs Sold |
Price of Mountain Bike |
Quantity of Mountain Bikes sold |
|
2010 |
$31,000 |
6000 |
$325 |
200 |
|
2011 |
$33,000 |
6300 |
$350 |
225 |
|
2012 |
$30,000 |
5500 |
$365 |
250 |
2010 2011 2012
Nominal GDP Calculation _______ _______ _______
Real GDP Calculation _______ _______ _______
GDP Deflator Calculation
In: Economics
Gang members are getting older and the majority of them are now legal adults. Why is the happening, and how does this aging of gang members affect gang activity in general? Do you feel this trend will continue? Please explain
In: Economics
1. Identify areas of policy action and macroeconomic issues in relation to the aim and work of the CSME.
In: Economics
In: Economics
In: Economics
(10 pts) The city of New York is considering two separate cell tower providers. The city expects a benefit-cost ratio of 1.0 or better, and their cost of capital is 10% per year. Assume repeatability. Verizon AT&T Initial investment (first cost) $90,000 $170,000 Useful life in years 6 12 Market value at end of useful life $25,000 $40,500 Annual benefits from operation $30,000 $40,000 Annual operating expenses $9,800 $11,300 a. Conduct benefit-cost ratio on the Verizon and AT&T projects and indicate which project is the preferred project. b. Conduct an incremental difference to validate decision.
In: Economics
The M2 Corporation is considering expanding its ergonomics consulting business. To do so, several pieces of equipment for performing a given analysis technique must be purchased. The CEO estimates that it will cost $155,000 to expand the business, resulting in $31,000 in revenues per year, $12,000 in expenses per year, and a salvage value of $3000. If the useful life of the expansion is expected to be 15 years, and the Corporation’s MARR is 15%. a. Should they undertake the expansion? You must use the Benefit/Cost Ratio to receive ANY credit. b. What would the break-even point be for annual revenues for this problem?
In: Economics
Compare the role of the different perspectives of different nations or the international arena regarding the First Industrial Revolution in Britain.
In: Economics
In around 100 words explain how the free-rider problem arises in a currency union when a government raises the national debt in high levels
In: Economics