Suppose an economy produces steel, wheat, and oil. the steel industry produces 100,000 in revenue, spends 4,000 on oil, 10,000 on wheat, pays workers 80,000. the wheat industry produces 150,000 in revenue, spends 20,000 on oil, 10,000 on steel, and pays workers 90,000. the oil industry produces 200,000 in revenue, spends 40,000 on wheat, 30,000 on steel, and pays workers 100,000. there is no government. there are neither exports nor imports, and none of the industries accumulate nor accumulate inventories. calculate gdp using the production and income methods.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?

True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.