This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The definition of economic growth is the annual percentage A) increase in the per capita real ... (Read 114 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
The definition of economic growth is the annual percentage
 
  A) increase in the per capita real GDP.
  B) increase in the per capita nominal GDP.
  C) increase in the total nominal GDP.
  D) increase in total exports.

Question 2

What is an effluent fee? Graphically, show how an effluent fee can correct an externality.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

An effluent fee is a charge to a polluter that gives the right to discharge into the air or water a certain amount of pollution. In the above figure, the market solution is point E, with price of P1 and output of Q1. The external cost of the pollution is equal to the distance FE, so an effluent fee equal to FE causes the firms to produce fewer units. The optimum is at E, with price of P, and output of Q.


imowrer

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 29, 2018
Thank you


lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Skull tooth growth Skull tooth growth
Purple growth on mussels Purple growth on mussels
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Population Growth and Mobility Population Growth and Mobility
How to solve an exponential growth problem involving bacterial growth (Question 2) How to solve an exponential growth problem involving bacterial growth (Question 2)
economic question economic question
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library