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Hi! I'm preparing for an economy test and would love to have some help on the mathematical components of the exam preparation. I've tried to
Hi! I'm preparing for an economy test and would love to have some help on the mathematical components of the exam preparation. I've tried to collect all the calculations I need here. It's quite a few questions so I guess I'm more looking for a way to access all this information easily..? Maybe there is a collection of all/some of these somewhere? Could you please help me? I think especially the questions where you need to graph things might be good to have some extra material on.
All the best,
L
calculate opportunity cost - calculate the GDP deflator - graph and analyze a production possibilities curve - calculate economic growth -graph supply and demand curves - calculate GDP per capita - determine equilibrium price and quantity - determine market surplus from a price floor - calculate labour productivity - determine market shortage from a price ceiling - calculate balance of trade - identify positive or negative correlations between important economic variables - determine total utility and graph marginal utility vs. quantity and total utility vs. quantity - determine maximum utility - calculate unemployment rate - calculate the GDP gap - calculate the rate of inflation - identify consumer surplus on a graph and measure it in the case of linear demand - calculate price elasticity of supply and demand - determine absolute advantage and comparative advantage - calculate balance of payments -cross-price elasticity of demand - determine and calculate with the fiscal multiplier - determine linear equations for supply and demand - solve a linear supply and demand system - calculate GDP with the expenditure approachStep by Step Solution
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