Newest macroeconomics Questions | Wyzant Ask An Expert

03/27/19

Calculating nominal GDP?

I would like to understand one detail of how nominal GDP of a country in a given year is calculated. It seems to me that the GDP in each country is first calculated in the national currency and... more

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Macroeconomics Business

03/27/19

Why aren't there any private company or person whose income is more than 10% GDP of their own country?

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Answers •1

Macroeconomics Business Definition Gdp

03/27/19

Is a country in economic downturn if its growth rate is negative, but improving?

As I understand it, economic downturn means that economic growth is significantly slowing down or entering into recession. (If anyone wants to correct me, please do so). i.e. Growth rate is... more

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Macroeconomics Economics Political Science Economic Development

03/27/19

How do data scientists help in the economic development of a country?

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Answers •1

Macroeconomics Economics Political Science Economic Development

03/27/19

What are the roles of engineers in infrastructure, and economic development?

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Answers •1

Macroeconomics Business Microeconomics

03/19/19

If someone has already borrowed money, why does it matter from his point of view if the Fed fund rates rise?

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Answers •1

Macroeconomics Business Microeconomics

03/19/19

What are some examples of wasteful competition created by the free market system?

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Answers •1

Macroeconomics Economics Political Science Economic Development

03/19/19

How would the lack of natural resources affect economic development?

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Macroeconomics Microeconomics Soft Question Mathematical Economics

03/19/19

Fundamental equations in economics?

For the other sciences it's easy to point to the most important equations that ground the discipline. If I want to explain Economics to a physicist say, what are considered to be the most important... more

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Macroeconomics Economics Political Science Economic Development

03/19/19

What is the correlation between transportation means (trains, highways, etc.) and economic growth of a country?

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Macroeconomics Business Gdp Mathematical Economics

03/19/19

Calculating rate of growth of per capita income?

Given this question:National income is increasing by 1.5% a year and population by 2.5% a year. What is the rate of growth of per capita income?Attempt: Since per capita income is GDP/ population.... more

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Macroeconomics Microeconomics

03/19/19

Seminal papers that later were proven to contain errors?

I was reading on institutions, and I came across Acemoglu, Johnson and Robinson (AJR) paper on [The Colonial Origins of comparative development: An Empirical... more

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Macroeconomics Economics Political Science Economic Development

03/19/19

Do developing countries need to go through a stage of industrialization in order to become developed?

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Macroeconomics Microeconomics Economic Growth Welfare

03/19/19

on economic growth and Second Welfare theorem?

While I was studying eighth edition of Mankiw's Macroeconomics, in chapter 9 on Economic Growth(pg. 245), the author mentions :**"Some economists have proposed increasing the incentive to save by... more

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Macroeconomics Microeconomics Reference Request

03/18/19

Mathematical Micro/Macro Economics Textbook Recommendation?

I was formerly an economics major and now also majoring in mathematics.I want a textbook that is rigorously based on mathematics; not just using mathematcis whenever the author wants, but in a more... more

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Macroeconomics Finance

03/18/19

Basic question: why do markets grow?

I apologize if this is gonna be very basic, but I am a beginner. My question is: why do markets (expressed as indices) grow? Is it because money is constantly moved from the real economy into stock... more

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Macroeconomics Microeconomics

02/26/19

Inferior Goods and Economics

What would happen to the new resulting equilibrium price and quantity of Ramen noodles (an inferior good), if incomes for US workers fell by 8% over the next two years?

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Macroeconomics Economics

02/20/19

managerial econ and business

1.A firm's demand curve is estimated to be Q = 400 - 3P, where Q is quantity and P is the price of the good. At P = $21, the point elasticity of demand is _____.2.A firm's demand equation is given... more

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Macroeconomics

07/27/18

If the price is $200, the demand is 1000, the supply is 2200, what is the equilibrium

Need to find the equilibrium for th8s problem

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Macroeconomics

03/20/18

(Show the Computation and formula!) any idea how what the formula is

dY/dS = 0.45; dS/dY = 0.38, dY/dM = 0.30, dM/dY = 0.28 and dG = 187 (millions of dollars) where dS = change in savings, dM = change in imports, dY = change in income and dG = change in... more

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Macroeconomics Economics

01/04/18

If increase in Demand is smaller than increase in Supply, what happens to equilibrium Price and Sales Outputs?

I'd like to know how an increase in both factors may affect the equilibrium

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Answers •2

Macroeconomics

12/17/17

A full employment economy in the United States today would have an unemployment rate of approximately 5.0 percent.

true or false

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Answers •1

Macroeconomics Economics, Macroeconomics

11/15/17

Starbucks Raises the price of Frnappuccinos, what is the Impact on CPI and the Impact on GDP Deflator?

How does it impact the two (Up/Down/No change)

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Answers •1

Macroeconomics Macroecono,ics

07/16/17

What is an example of demand-pull inflation? How does it affect our daily decisions that we have to make?

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Answers •1

Macroeconomics

07/14/17

(CO2) Market equilibrium price represents when________

I need the answers to the question

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Answers •1

Calculating nominal GDP?

Why aren't there any private company or person whose income is more than 10% GDP of their own country?

Is a country in economic downturn if its growth rate is negative, but improving?

How do data scientists help in the economic development of a country?

What are the roles of engineers in infrastructure, and economic development?

If someone has already borrowed money, why does it matter from his point of view if the Fed fund rates rise?

What are some examples of wasteful competition created by the free market system?

How would the lack of natural resources affect economic development?

Fundamental equations in economics?

What is the correlation between transportation means (trains, highways, etc.) and economic growth of a country?

Calculating rate of growth of per capita income?

Seminal papers that later were proven to contain errors?

Do developing countries need to go through a stage of industrialization in order to become developed?

on economic growth and Second Welfare theorem?

Mathematical Micro/Macro Economics Textbook Recommendation?

Basic question: why do markets grow?

Inferior Goods and Economics

managerial econ and business

If the price is $200, the demand is 1000, the supply is 2200, what is the equilibrium

(Show the Computation and formula!) any idea how what the formula is

If increase in Demand is smaller than increase in Supply, what happens to equilibrium Price and Sales Outputs?

A full employment economy in the United States today would have an unemployment rate of approximately 5.0 percent.

Starbucks Raises the price of Frnappuccinos, what is the Impact on CPI and the Impact on GDP Deflator?

What is an example of demand-pull inflation? How does it affect our daily decisions that we have to make?

(CO2) Market equilibrium price represents when________

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