Economic growth is a very important topic. to the extent that gdp measures the well-being of people in an economy, increases in gdp should translate into increases in standard of living.

a. what measure of gdp is most closely related to the economic well-being of the people in an economy?

b. if y = c + i + g + (x - m), is it necessarily true that decreased consumption and increased saving by households will result in lower gdp in the short run?

c. the production possibilities frontier shows output combinations at which an economy can produce given its current resources. on a ppf graph, show the long-term effect of increased household saving, and explain the effect in words.

d. on a production possibilities frontier, the two goods may be classified as "consumption" and "investment" goods. how will the shift in the ppf from this year to, say, five years from now differ if we choose a point with high consumption as opposed to choosing a point with high investment? or a point with high investment goods? explain in words and with graphs.

What is the communication process? why isnt it possible to communicate without using all the elements in the communication process?

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.