Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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ECONOMETRICS: PS5 PROBLEM SET 5: ESTIMATION PROBLEMS 1 We have the following variables: Y: Food expenditure in USA. X: Family income. P: Price index. Two different regressions are estimated with the following estimation results (standard errors are in brackets): Coefficient for Regression X Y/P Y / X; P 0.112 (0.003) Coefficient for P 2.462 (0.407) -0.739 (0.114) Determination coefficient 0.614 0.978 Assuming that the true equation for Y includes both X and
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If a small change in price brings about a large change in quantity (i.e. a 1% change in price yields a 2% increase in the quantity demanded) the good or service is elastic (Bain & Dicks‚ 2014). If‚ however‚ a small change in price brings about an even smaller change in the amount (i.e. a 1% change in price yields a 0.2% increase in quantity demanded)
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Wiley Plus Wk 2 Ex & Prob ACC/291 August 6‚ 2012 Wiley Plus Wk. 2 Ex & Prob E8 – 3 Date | Account Titles and Explanation | Debit | Credit | 31 – Dec. | Bad Debts Expense Accounts receivable-Fell | 1‚400 | 1‚400 | | | | | 31 – Dec. | Bad Debts Expense (840‚000 – 30000)*1% Allowance for Doubtful accounts | 8‚100 | 8‚100 | | | | | 31 – Dec. | Bad Debts Expense Allowance for Doubtful Accounts (120‚000*10%)-2100 | 9‚900 | 9‚900 | | | | | 31 – Dec.
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Name: _______________________ Team: _______________________ AP Macro Problem Set #2 Unit 2: Measurement of Economic Performance 1. (_____/15) Article Analysis Read each of these current articles and identify three different concepts we learned that are mentioned. Define and summarize what is being said for each concept that you identify. a. GDP Article (_____/5) b. Unemployment Article (_____/5) c. Inflation Article (_____/5) 2. ( ____/15 Points) Gross Domestic Product a. Define GDP‚ identify what is not included
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study in order to receive an additional FDA indication and extended patent life for the prescription drug Niaspan. Albert Einstein said “The formulation of a problem is far more often essential than its solution‚ which may be merely a matter of mathematical or experimental skill. To raise new questions‚ new possibilities‚ to regard old problems from a new angle require creative imagination and marks real advance in science”. The value of this statement in terms of the research process is an understanding
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Chap 17‚ Prob B1 A. Bixton’s objective is to achieve a credit standing that falls‚ in the words of the chief financial officer‚ “comfortably within the ‘A’ range.” What target range would you recommend for each of the three credit measures? To remain within the ’A’ range the following is recommended Fixed Charge Coverage 3.00–4.30 Funds From Operations/Total Debt 45%–65% Long-Term Debt/Capitalization 22%-32% So to be comfortably within the range A the company should try to maintain
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Learning Team B Week 2 Reflection Accounting: ACC/561 Learning Team B Week 2 Reflection There are different type of methods used for financial statements and stocks. The comparative analysis shows company information from period to period‚ and radio analysis is an indicator of the company stability to meet their debt obligations‚ profitability‚ solvency and liquidity. Importance of Comparative Analysis Comparative analysis is a method used by investors‚ is used to identify new trends
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Problem Set 1 Complete all questions listed below. Clearly label your answers. 1. The receipts and year of release of the five movies with the largest nominal box office revenues‚ along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release‚ convert the receipts for each to real dollars for the year 2010 (2010 CPI 230.1). Put the movies in order from largest to smallest real box office receipts and show
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Problem Set 1 Name: Christen Brown Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a.) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b.) What is the equilibrium price and quantity? a.) b.) PRICE: $45.00
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