Go to www. bea. gov (Links to an external site.)Links to an external site.

Select Interactive Data tab

Click on National Data GDP & Personal Income button (on right)

Click on Begin using the data -> button

Select Section 1 – Domestic Product and Income

Click on Table 1.1.6 Real Gross Domestic Product, Chained Dollars (A) (Q)

To find the tables for 2005 and 2006, click the MODIFY and enter 2006 in the Last Year box and 2005 in the First Year box and make sure that Quarterly is checked, then Refresh Table.

Find the annual levels of real GDP and real consumption for 2005 and 2006. Did consumption increase more rapidly or less rapidly in percentage terms than real GDP? Discuss in detail and use examples to support your argument.

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.