Suppose that an increase in the price level reduces the value of real wealth, which then causes a reduction in consumption but no change in saving. In this case:

During the Great Depression, aggregate demand in the U.S. economy decreased. As a result, the price level _________ and real gross domestic product (GDP) _________.

From 2011 to 2012, nominal gross domestic product (GDP) in the United States increased by:

1. Calculate the missing values:

1. (5pts) Nominal and real interest rates. Provide your calculations.

2. (10 pts) Per capita GDP: Using the following data, organize from the largest to smallest, according the rate of growth of GDP per capita in each year. Explain your answer. (5pts)

   	Year	Australia	Belgium	Brazil	Colombia	France	Japan	United States
   GDP growth (annual %)	2013	2.44	0.02	2.74	4.94	0.66	1.61	2.22
   	2014	2.50	1.35	0.14	4.55	0.18	-0.10	2.39
   Population growth (annual %)	2013	1.89	0.53	1.23	1.35	0.73	0.46	0.96
   	2014	1.72	0.42	1.19	1.31	0.72	0.41	0.95

In March 2009, the Canadian dollar was worth $0.78 U.S. dollars. In April 2011, the Canadian dollar was worth $1.06 U.S. dollars. What effect would this increase have on the trade balance between the United States and Canada?

a) Canadian imports will rise and Canadian exports will fall, so the Canadian trade balance will fall and the U.S. trade balance will rise.

b) Canadian imports will fall and Canadian exports will rise, so the Canadian trade balance will rise and the U.S. trade balance will fall.

c) Canadian imports will rise and Canadian exports will fall, so the Canadian trade balance will rise and the U.S. trade balance will fall.

d) Canadian imports will fall and Canadian exports will rise, so the Canadian trade balance will fall and the U.S. trade balance will rise.

Compare the mortality rate between two different countries of interest or between the Worldwide rate and any one country of interest.  You will perform a Two Sample Hypothesis Test of Proportions to compare the data.  Be sure to conduct a complete five step Hypothesis Test.  You may want to review the example problems posted in this week’s discussion stream.  State the conclusions based on the results of the test. Are there any reasons for the similarity or difference in mortality rates in the test?  In your estimation is there any reason to question the validity or reliability of the data used in the test?  Could you suggest any other test of the attached data or any other data set regarding the COVID-19 trends among these countries?

Information for Year 1, Year 2, and Year 3 for the Alpinian branch of Rawl Corporation is presented in the following table. The corporate tax rate in the Alpinian Republic in Year 1 was 11 percent. In Year 2, the Alpinian Republic increased its corporate income tax rate to 15 percent. In Year 3, the Alpinian Republic increased its corporate tax rate to 22 percent. The U.S. corporate tax rate in each year is 21 percent.

For Year 1, Year 2, and Year 3, what is the foreign tax credit allowed in the United States?

Despite the growth in digital entertainment, the nation’s 400 amusement parks have managed to hold on to visitors. A manager collects data on the number of visitors (in millions) to amusement parks in the United States. A portion of the data is shown in the accompanying table.

SOURCE: International Association of Amusement Parks and Attractions.
Click here for the Excel Data File

a. Estimate the linear trend model to make forecasts for 2008. (Round your answers to 2 decimal places.)

yˆ =

b. Estimate the exponential trend model to make forecasts for 2008. (Round your answers to 2 decimal places.)

yˆ =

“There is strong evidence of an impending implosion of the pension funding system in the United States. Local and state financial problems are accelerating because public entities promised pensions they could not afford. It is now time for all government pension plans to employ the use of a liability-based discount rate for the measurement of present value pension obligations. Prompt remedial action is necessary to avoid systemic financial catastrophe!” Discuss.

Items to consider:

Logical Format of Response.

Word count – at least 350 words, and preferably not more than 700 words.

Introduction – to what extent to you agree / disagree?

Background of Issue/s, including description/definition of present value pension obligations, and liability-based discount rate.

Discussion of Issues (with appropriate examples)

Conclusion.

Appropriate use of references.

Originality.

Suppose you are a stock market analyst at Goldman Sachs, specializing in the stocks of theme parks, and you are examining Disneyland’s stocks. The Wall Street Journal reports that tourism has slowed down in the United States. You also find out that at Six Flags Magic Mountain in Valencia, California, a new Viper roller coaster is now opening and another new ride, Skyrush, will be opening this year. a. Use the demand and supply model, to graphically analyze and predict the impact of these events on the attendance at Disneyland. What are the likely effects on ticket prices and attendance at Disneyland? b. In the same article in Wall Street Journal, you read that Disneyland has slashed ticket prices and admitted attendance was somewhat lower. Is this consistent with your demand and supply analysis in part a?

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities.

More than a decade ago, high levels of lead in the blood put 86% of children at risk. A concerted effort was made to remove lead from the environment. Now, suppose only 15% of children in the United States are at risk of high blood-lead levels.

(a) In a random sample of 220 children taken more than a decade ago, what is the probability that 50 or more had high blood-lead levels? (Round your answer to three decimal places.)


(b) In a random sample of 220 children taken now, what is the probability that 50 or more have high blood-lead levels? (Round your answer to three decimal places.)