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0.1 Suppose a closed economy has following information about the economy for a particular year: Y = 10,000 C= 6.000 T=1.500 G= 1,700 The economists
0.1 Suppose a closed economy has following information about the economy for a particular year: Y = 10,000 C= 6.000 T=1.500 G= 1,700 The economists also estimate that the investment function is: I= 3,300 - 100 r Where r is country's real interest rate expressed as a percentage. Calculate: a) National Savings b) Investment c) Equilibrium Real Interest Rate 0.2 Bureau of Statistics reports adult population in an economy is 235.9 million. 139.9 million People are employed while 14.3 million people are unemployed. You are supposed to find: a. Labor Force b. Unemployment rate c. Labor-force participation Rate 0.3 suppose that a bushel of American rice sells for 100 dollars and a bushel of Japanese rice sells for 16000 yen. What is the real exchange rate between American and Japanese rice if the nominal exchange rate is 80 yen per dollar
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