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TREND AND STRUCTURE OF INCOME:
Each sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a given time period which may normally be specified as a year. The aggregate flow of goods and services represents the aggregate income earned by factors of production employed during the year, and is termed as national income or national product. The rate of growth of national income when compared with the rate of growth of population indicates whether the economy is declining, stagnant or developing. It is only when the national income grows at a rate faster than the rate of growth of population that the per capita income depicts a rising trend; the community iits stock of capital and the economy moves on the path of a rising level of activity and productivity. s able to improve its living standards and add to its stock of capital and the economy moves on the path of a rising level of activity and productivity.
describe who gets hurt in a recession, and how.
Uses of price and income elasticity of demand: The concept of price elasticity of demand has some uses whihc include the following: (i) Pricing of goods and services It is
expansionary fiscal policy occurs?
1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
Monopsony: Demonstrate (with a graph) how a minimum wage can increase both the wage and employment in a monopsony market even when the government sets th
Q. Define Credit? Credit:Ability to purchase something without immediately paying for it - through a credit card or bank loan, a mortgage or any other forms of credit. Creation
How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.
when average product is decreasing, marginal product is?
function with equation,variable,parameter
Micro Economics 1. Discuss the short-run cost-output relations. 2. Write a short note on pure competition. 3. Describe excess profit criterion. 4. Discuss the vario
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