1. On the basis of the CPI table distributed in class, fill in the below
Average Annual Inflation (5 yrs)
The top 10 grossing movies (updated to 2014) are below. Calculate the Real value of Gross
Plot a PPF diagram related to this picture. Be sure to label both axes and include numbers.
Label this PPF 1. There are multiple PPFs that you can create from this bar chart (there are
multiple correct answers)
2. Calculate the opportunity cost of one
Consider you are offering Hot Air Balloon rides. There are two factors that influence
how many people are willing to ride in your balloon the price and the temperature. The
number of tickets that you will sell is shown on the table below.
Temperature = 40
Currently GDP is 500 million dollars. It is believed that potential GDP is 650 million
dollars. What is the GDP gap?_
Are we in the full employment range of AS? Why or why not?
If the MPC in the US economy is .75, what is the needed change in government s