Last year, a small nation with abundant forests cut down $200 worth of trees. it then turned$100 worth of trees into $150 worth of lumber. it used $100 worth of that lumber to produce$250 worth of bookshelves and exported as a final good the remaining lumber. assuming thecountry produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nation's gdp?

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.