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post university ECO 201 macroeconomics unit 2 assi

Question # 00004281
Subject: Economics
Due on: 12/21/2013
Posted On: 12/01/2013 12:56 AM

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Answer Questions For Review #1 and #8 at the top of page 510Answer Questions For Review #1 in the middle of page 527Page 5101.)

1] An economy's income is same at its expenditure because in every transaction there aretwo parties: the seller and a buyer. Every dollar of spending by a buyer is a dollar ofspending for a seller

.2.)It is desirable for a country to have a large GDP because its the market value of all finalgoods and services produced in a country in a given period of time. 

You would want theGDP to be large so that the value of goods is higher. Countries with a large GDP allowsthe people of that country to live better lives.p.g. 5271)I think a 10 percent increase is the price of chicken has a greater effect on the consumerprice index because more people on a whole buy chicken than caviar.

Tags unit macroeconomics university post country large buyer dollar people chicken value seller review questions page caviar live allowsthe thegdp goods higher countries better livespg percent increase price effect think want 5271i index consumerprice greater

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post university ECO 201 macroeconomics unit 2 assignment

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