Describe the new economy of the U.S. Are we 'lucky' to be living in the U.S. compared to 100 years ago? Fifty years ago?
Ans. The New Economy of the US can be described as a Highly Technologically Advanced Economy which is very vibrant and developed in every sphere. US economy have transformed itself from a manufacturing based economy to a Service Sector Based Economy and majorly after the dot - com - bubble. E Companies are emerging , everything is digital , consumer convenience is topmost , innovation is expanding etc. Yes , we are definitely fortunate to be living in present US because it offers us all the opportunities and comforts which were impossible to be dreamt of 100 years ago or 50 years ago. But , as it is said , that every time has its own beauty. So , there are both merits and demerits of present world as compared to 100 years or 50 years ago.
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Describe the new economy of the U.S. Are we 'lucky' to be living in the U.S. compared...
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The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing research for an economics project, Charlie discovers that more households today, as compared to households 100 years ago, have electricity, air conditioning, and a car. Which of the following gxplains why modern Americans enjoy a higher standard of living than Americans 100 years ago? Market failures are nonexistent. O There has been economic growth in our society. O Americans have...
The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7 San Francisco, CA 164.0 Washington, DC 140.1 Los Angeles, CA 136.4 Boston, MA 132.5 Philadelphia, PA 126,5 Seattle, WA 121.4 Chicago, IL 116.9 Richmond, VA 104.5 Phoenix, AZ 100,7 Detroit, MI 99.4 Atlanta, GA 95.6 932 Charlotto. Ne Dallas, TX 91.9 The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Atlanta and earning $75000...
1. We have obtained the following information about GDP in the U.S. economy from the Bureau of [2 points) Year Quarter 2007 01 eeeee 2008 Real GDP (billions of chained 2012 $) $15,493.3 $15,582.1 $15,666.7 $15,762.0 $15,671.4 $15,752.3 $15,667.0 $15,328.0 $15,155.9 $15,134,1 $15,189.2 $15,356.1 $15,415.1 $15,557.3 $15,672.0 $15,750.6 Q1 @2 Q3 Q4 Q1 Q2 Q3 04 Q1 Q2 Q3 Q4 2009 2010 a. During which quarters was the U.S. economy in an expansion? During which quarters was the U.S. economy...
The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7 San Francisco, CA 164.0 Washington, DC 140.1 Los Angeles, CA 136.4 Boston, MA 132.5 Philadelphia, PA 126.5 Seattle, WA 121.4 Chicago, IL 116.9 Richmond, VA 104.5 Phoenix, AZ 100.7 Detroit, MI 99.4 Atlanta, GA 95.6 Charlotte, NC 93.2 Dallas, TX 91.9 Source US Census Annual Average 2010 The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and...
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We assume that the relationships in the text below describe an economy. It is a closed economy with a given (fixed) price-level and with a variable interest rate (the interest rate is given with a whole value ex. 10% is 10 and not 0,1). C = 425 + 0,4 YD T = 100 G = 140 I = 100 + 0,1 Y – 50r MD = L(r;Y) = Y – 100r MS M/P = 200 YD = (Y-T) Find the...