What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
Illustrate a point on consumption curve at which APC = 1.
Answer:
APC = C/Y = 1 is possible when C = Y, that is, Consumption is
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
An illustration of how marginal utility diminishes takes place when: (1) Derek finds it tough to laugh politely when he hears a “new” joke for the fourth time now. (2) Amy Sue chooses she would instead have 150 hogs than 151 on her pig far
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
Explain in short the income approach to evaluate national income.
Answer: Under income method to compute the National Income, the steps given below have been taken into account:
A) First of all production units tha
Describe why businessmen mostly wish to open current account in bank?
The transfer of wealth from developed countries to oil exporting countries (abbreviated as OPEC) which followed sky-rocketing oil prices in the year 1970s points out that the price elasticity of demand for oil was: (i) Unitary. (ii) Relatively high. (
Describe Okun's law? Give an illustration of how it works.
In calculating the GDP national income accountants:
Net revenue for Macho Man fake mustaches increases after the price raised from $5 to $7, pointing that demand faced by Macho Man was: (i) Relatively elastic. (ii) Relatively inelastic. (iii) Unitarily elastic. (iv) Perfectly inelastic. (v) Perfectly e
Distinguish between full-employment equilibrium and Under-employment equilibrium. Whenever equality among AD and AS is at full employment level it is termed as full employment equilibrium. Although whenever equali
Distinguish between full-employment equilibrium and Under-employment equilibrium.
Whenever equality among AD and AS is at full employment level it is termed as full employment equilibrium. Although whenever equali
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