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Discuss the difference between real GDP and nominal GDP Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain. Answer preview … Read more
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What does economics have to say about the likely results of rent control Our region is plagued by an acute a\housing affordability crisis. As rents continue to rise, different proposals about rent control are increasingly discussed in area city councils. This short video from 2018 lays out some of the arguments for rent control in … Read more
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Discuss the role of prices and their effects on demand You are the curator of a butterfly sanctuary. The sanctuary is running low on funds, so you decide to increase revenue. What options do you have to consider? Should you raise or lower the price of admission? Explain your reasoning in terms of demand and … Read more
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The change in the exchange rate affects the national balance 1. The change in the exchange rate affects the national balance. Suppose the relative value of the U.S. dollar has gone down recently. How would this affect the U.S. national balance and net exports? Explain this using at least 100 words with relevant economic concepts … Read more
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Give more examples of the other industries in the Ghanaian economy Topic: Ghana and Agriculture insurance Section 1: Country overview 1 or 2 Paragraphs: Descriptive of economic aspect (e.g. gdp, gdp per capita, dominant sectors of employment, …) Focus on the economy of recent years. Give more examples of the other industries in the Ghanaian economy Discuss … Read more
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