national income
how to calculate national income under value added method
Can anybody suggest me the proper explanation for given problem regarding problem of scarcity in economics generally. The problem of scarcity means that the origin for each economic activity is to: (v) facilitate s
In calculating the GDP national income accountants:
What is another name of macroeconomics? Answer: Income theory
To begin with, let us recall our three-sector product-market equilibrium model given as C + I + G = C + S + TTo this three-sector model, we now add the foreign trade-the exports (X) and imports
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
1. Examples of command economies are: A. The United States and Japan. B. Sweden and Norway. C. Mexico and Brazil. D. Cuba and North Korea.
the most frequently asked question on foreign direct invetment
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
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