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What is gross national income per capita
The absolute difference in gross national income per capita is 29,828 PPP$ that means UK income per capita is approximately 860% higher than India's.
The data are ranked in terms of descending Human Development Index (HDI) for selected nations. Though just because a country ranks above other countries in terms of HDI this doesn't mean that it ranks above same countries in terms of all factors which contribute to the value of country's HDI. For instance Czech Republic lies above UK in terms of HDI (0.865 compared to 0.863) however the country is below the UK in terms of life expectancy at birth (an age of 77.7 years as against 80.2 years).
Store of value - Economic functions of money If you are a fisherman and have a temporary surplus of fish that you want to store for the future, storing the fish might not b
What is ‘Third degree Discrimation
The IS-curve in the AS-AD model The IS-curve is not affected by P in the AS-AD model We can define an IS-curve in the AS-AD model similarly to
Use the model in the tax incidence application to determine the effect of a given change in the tax on widget, change in T, on the equilibrium quantity of widgets. How does your an
An owner can lease her building for $100,000 per year for the next three years. The explicit cost of maintaining the building is $35,000, and the implicit cost is $50,000. All reve
This problem involves the question of computing change for a given coin system. A coin system is defined to be a sequence of coin values v1 (a) Let c ≥ 2 be an integer constant
Q. Evaluate Nominal wages? Nominal wages W = (W/P).P The nominal wage is equal to the real wage times the price level. Because the real wag
constructing a opportunity set and budget line for $15 lottery ticket and intending on buying a candy bar for $0.75 and peanut bag for $1.50
Project feasibility study is needed to make a decision whether the project proposal is technically and economically possible. After finalization of the project feasibility report b
Snake Farm Inc. (SFI) has been offered to submit a competitive bid for building 31 and 22, 18, and 11offshore pits per year for Athletic Inc. over the next four years. If the bid
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