?Which of the following is an advantage of panel data?
A. ?We can difference the dependent variable, y, across time for different cross-sectional units.
B. ?We can add the dependent variable, y, across time for different cross-sectional units.
C. ?We can difference the dependent variable, y, across time for the same cross-sectional units.
D. ?We can add the dependent variable, y, across time for the same cross-sectional units.
Answer: C
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Using the above figure, an increase in the demand for Dutch goods by U. S. consumers will lead to
A) a depreciation in the Dutch currency. B) an appreciation in the Dutch currency. C) an increase in the supply of Dutch currency as foreign exchange. D) a decrease in the supply of Dutch currency as foreign exchange.
How is economic profit calculated?
What will be an ideal response?
Using C to represent consumption, I to represent investment, G to represent government spending, S to represent saving, X to represent exports, and M to represent imports, aggregate expenditures can be represented by:
a. C + I + G + (X + M). b. (C ? S) + G + (X ? M). c. C + I + G + (X ? M). d. C + I + G + (X ? M) ? S.
Assume the nominal dollar-per-euro ($/€) exchange rate appreciates by 2%, U.S. prices rise by 5% and Euro-Area prices rise by 3%. By approximately how much does the real exchange rate change?
a. 2% b. There is no change. c. 3% d. 4% e. 5%