Estimating the level of output for the target year, Microeconomics

MRP Technique - Estimating the Level of Output for the Target Year

Taking into account several parameters of economic growth such as past trends, present as well as proposed investments at the macro-level, population pressures, etc. the desired target of economic growth in terms of GDP per capita for a given year in future will be set.

The GDP per capita of the accounting year will be taken as base year. The year for which a desired GDP is targetted is the target year. Increases in output required to fill up the gap will be computed taking into consideration the growth rate of population.

Posted Date: 12/17/2012 5:52:33 AM | Location : United States







Related Discussions:- Estimating the level of output for the target year, Assignment Help, Ask Question on Estimating the level of output for the target year, Get Answer, Expert's Help, Estimating the level of output for the target year Discussions

Write discussion on Estimating the level of output for the target year
Your posts are moderated
Related Questions
electron configurations

Using real life examples and the use of the following concepts: Effecient vs Ineffecient and Opportunity cost and increasing opportunity cost

Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,

Factors Shifting Demand Curve:   Factors Changing Demand Effect on Demand Direction of Shift in Demand Curve Ef

#quesSuppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal I

how microeconomic issues maybe represented using production posibility curve

Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o

How does the GPI adjust for increasing U.S. income inequality? Starting with the category of Personal Consumption Expenditures, the GPI adjusts for enhancing income inequality

You are the CFO for Carnival Corportaion and your boss, the CEO informs you that he wants to add three new cruise ships to the company''s inventory. Each ship will cost $500 millio

Earth is completely surrounded by thick envelope of gases called atmosphere. Atmosphere is sub divided into different layers depending upon the distance from the sea level. The