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

What are the pure costs of education-patient care

Suppose that a medical school provides three outputs--patient care, education, and research--and that the total cost of the school is $100 million per year. If the school prod

Comparative statics in solows model

Explain how the following events affect output, capital and consumption per unit of labor in the long run and along the transition according to Solow's Model: The destruction

What combination of monetary and oscar policy

A small open economy with a aborting exchange rate is in recession with balanced trade. If policymakers want to reach full employment while maintaining balanced trade, what co

Interest rate statements as either nominal or effective

Identify the following interest rate statements as either nominal or effective: 13% per year compounded monthly; 2.5% per quarter compounded quarterly; effective 2% per month

Illustrate car production capital intense relative textile

Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If

Differences between stereotype-prejudice and discrimination

A company employee is considering legal action against her employer. If she came to you for advice, how would you present to her the differences between a stereotype, prejudic

Discuss the advantages or disadvantages global firm

Discuss the advantages or disadvantages a global firm might experience if it were to decentralize the decision making process through the assignment of teams according to geog

Which occupations should be prohibited from striking

Discuss if government employees were to be given a limited right to strike, which occupations should be prohibited from striking, and under what conditions should the prohibit


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