Explain why a computer might depreciate rapidly just in one year even if it is in just as good of a condition as the day it was purchased?
What will be an ideal response?
The reason is that newer, faster and more capable computers are being manufactured at a fairly rapid pace. This serves to make older computers more obsolete even more quickly than they otherwise would.
Economics
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Suppose that C = Ca + 0.6y and a shock decreases Ca by $50 billion. Assuming there is no government involvement, by how much will equilibrium GDP decrease?
What will be an ideal response?
Economics
The traditional economics approach questions unbounded rationality and unbounded willpower of people
Indicate whether the statement is true or false
Economics