Beacon Easter Eggs, WTF? I bought a box of THIRTY SIX at the same price for 48 last year, and they're half the size they used to be a few years ago!
Haibo, Beacon, life is hard enough
Edit: it's 7 hours later and I see the typo on my title. Blerry eggs making me the moering. Also thanks for the awards, they're so much better than Beacon's eggs
The question (part of an FRQ):
**2. Assume the economy of Ucheland is currently at full employment. The government of Ucheland reduces the tax rate on household interest earnings.
c (ii) What is the long-run effect on potential real GDP in Ucheland? Explain. **
According to the answer key, the answer is that there would be an increase (I forget the explanation, I want to say something about an increase in capital goods or something).
I know potential real GDP is different from LRAS, but I would assume that, like LRAS, inflation would rise to accommodate for this increase in household income, and there would be no change in the long run, things would simply balance out.
Any explanation would be absolutely wonderful, and if you need any more information let me know.
I’m working on a practice test and I got the answer of 0.8% which was the right answer, but I don’t understand why.
I’m not sure what formula to use to solve it and just guessed since it was multiple choice. 0.8% was the lowest option and the other ones seemed too high.
Very new to economics, especially Keynesian economics.
Look at the unemployment rates! They tell you EVERYTHING YOU NEED about the GDP!
Hello,
I'm doing a panel data analysis on foreign aid and saw some researchers use GDP/capita in PPP while others just use the real GDP/capita measure. What could be the pros and cons of them and which, in your opinion, is a better measure?
