national income
Gross domestic capital formation is always greater than gross fixed capital formation
Describe whether the sale of old scooter is comprised in national income?
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
‘Over the precedent 30 years, and particularly as our entry into the EU, imports (and exports) as a proportion of GDP have increases considerably in the UK. What influence has this had on the value of multiplier in the UK?’
The consumer maximizes the utility whenever spending patterns causes: (i) Total outlays to increase each time prices are altered. (ii) Marginal utilities of each and every good consumed to be equivalent. (iii) Marginal utilities from the last cent spent on each and ev
is studying economic worth your time and effort
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
Administrative revenue: Administrative revenueis the revenue which occurs on account of the administrative function of government. It comprise: (a) Fees (college/school) (b) License fees paid to obtain permission to carry out a service (c) Fines and p
Briefly explain the four supply factors in economic growth?
Does a surplus of AD over AS always entail a condition of inflationary gap? Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employmen
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