ANALYSIS OF THE
EVALUATION OF THE U.S ECONOMY : GDP
The Gross domestic product of the U.S has moved from 1053.5 Billion dollars in 1970 to 17,902.0 Billion in
todays 2015.The increase in this shows us that there is an increase in personal income.
Week 4 Analysis
1. If the wage is not allowed to fall below $10 per hour, how many unskilled workers are
unemployed? 650 unskilled workers are out of work because the minimum wage is at 10.00 an
2. The labor force is
Consider a small economy comprising six people. Based on the criteria used by the Bureau of
Labor Statistics, classify each person as employed, unemployed, not in the labor force, or not in
the adult populationpersons not in the labor force must be
Exercise 1 Wk 10
Based on the data provided, what is the opportunity cost of producing pastries and sandwiches
o The opportunity cost of producing 1 pastry is a sandwich.
What is the opportunity cost of producing pas
Analysis of the
Evaluation of the U.S Economy :
The Gross domestic product of the U.S has moved from 1053.5 Billion dollars
in 1970 to 17,902.0 Billion in todays 2015.The increase in this shows us that
there is an increase in personal income.
Analysis Wk 10
Foreign Monetary Policy
Suppose the People's Bank of China wishes to peg the rate of exchange of its currency,
the Yuan, in terms of the U.S. dollar. In each of the following situations, should it add to
Exercise 1 Wk 8
Suppose that First National Bank, Second National Bank, and Third National Bank have zero excess
reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $1.5
million from John,
Analysis Wk 8
Discuss how banks can profit from borrowing at a federal funds rate lower than
the interest rate that the Fed pays on reserves. Or Banks can borrow from the
Fed, or borrow from other banks (Fed Funds rate). Why would
Keynesian vs. New Keynesian
Both the traditional Keynesian theory and the new Keynesian theory indicate that the short-run aggregate supply
curve is horizontal.
Answer the following questions:
Is there any difference between the two approaches of t
Exercise 1 Week 3
Societal Cost of Pesticides
Suppose the repeated application of a pesticide used on orange trees contaminates
groundwater. The pesticide is applied annually in almost all of the orange groves
Week 2 Excercise
ES2560: Week 2 Production Possibilities Curve
Plot the countrys production possibilities curve.
Calculate the opportunity cost of producing guns and butter at each point in the production
Week 7 Exercise
Explain how each of the following will affect the net public debt, other things being
Previously, the government operated with a balanced budget; however, recently,
there has been a sudden increase i
Oil Price Shocks
Both the long-run aggregate supply curve and the short-run aggregate supply curve shift in response to changes in
the availability of labor or capital or to changes in technology and productivity. A widespread temporary change in
Week 6 Analysis
What is the marginal propensity to consume?
C / Y so, .5/ 1.0 = .5. It can be interpreted as the fraction of an extra
dollar of disposable personal income that people spend on consumption.
What is th
Week 5 Exercise
Price Level in Japan
Between 2000 and 2003, the rate of change in price level in Japan was generally between 0.5 percent and 1.0
percent; therefore, the nation experienced a deflation.
Using the ITT T
Analysis on Student Career Counseling
The pros of these predictions is that it could help a student understand what his
or her income would be like if they went into this field. This can give students an idea of
what occupation pays the most and which one
Exercise 1 Week 1
Categorize each of the following conclusions as being the result of positive or normative
a. Minimum wages create unemployment among young and unskilled workers.
a. Positive analysis-this is an a