Explain how gdp is measured in your country

Assignment Help Business Economics
Reference no: EM13736916 , Length:

Please note that this question requires substantial research (see the assessment criteria below).

(a) Explain how GDP is measured in your country (you can choose any country/ Nepal or India or Australia recommended). Provide real life examples.

(b) Using your home country as a case study outline two main restrictions government applied to import. Using the data from your case study analyse and explain who would benefit directly and who would lose directly from such restrictions.

(c) Using your case study examine the position of protectionists. Explain whether you support their argument.

Additional marks

-Substantial research and analysis.

-Overall presentation of work, especially use of graphs, clear written expression.

-Appropriate use of referencing.

-Harward style referencing, proper Citation of the resources.

-At least 15 peer reviewed articles/journals/textbooks need to be referenced.

Assessment criteria

-Besides the textbook, you should also refer to a few other academic books, journal articles and relevant websites in answering these questions.

-Sources must be acknowledged and a list of references provided.

-Concepts must be defined accurately and completely.

-The assumptions upon which the analysis is based must be stated at the onset.

-Critical analysis should be provided by relating economic theory to real life economic examples and the case study

-Diagrams must be drawn properly, correctly labelled and the relations they depict explained.

-Answers must be complete, addressing the specific tasks nominated in the questions.

-Remember an extension is not a gift, it is a burden.

Verified Expert

Reference no: EM13736916

Effect of price ceiling and a price floor

Explain how a dead weight loss can be generated in an imperfect market and also in a case of a negative externality. What policies government can use to try to eliminate the d

Michael porters five-force model

Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.

Calculate the firms profit-maximizing price and quantity

The demand function for a firm’s product is Q(P) = 50-P/10. The firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q≥0 that maxim

What is money and what functions does it perform

You use money just about every day. What is money and what functions does it perform? How is the supply of money measured? Who influences how much liquidity in created or redu

Marginal product of labor-marginal product of capital

For the following production functions: calculate marginal product of labor (L), marginal product of capital (K), and the technical rate of substitution. Identify if the produ

The wheat price on the market equilibrium for cereals

"The price on wheat has fallen from $9 a bushel to $7 a bushel in the past seven months as rain and snow fell on the southern states." [Source: The Wall Street journal, Februa

Market achieves the new market equilibrium

Consider a perfectly competitive market described by the per-period supply function P = 20 + 0.3Q and per-period demand function P = 120 - 0.2Q. If the government intervenes i

Impact equilibrium price and quantity demanded of coffee

How would a coffee bean shortage in South America impact the equilibrium price and quantity demanded of coffee? What would happen to the equilibrium price and quantity demande

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd