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What is Gross National Product?
Gross National Product (GNP):
It measures the value of output produced through a country is citizens anywhere within the world, in a specified period of time, generally one year. As an example of: Cars produced through Honda into the UK are comprised in UK GDP nevertheless profits sent back to Japan add to Japan is Gross National Product.
GNP = GDP + net property income through abroad (NPIA) which is income received through other countries (as like interest and dividends); remove similar payments made to the other countries.
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
Sims (1980) introduced an exciting and ground-breaking new framework which would prove to be extremely insightful for macroeconomic analysis. This is known as vector autoregression
What isn''t a component of the M1 money supply?
Q. Describe Keynesian cross model? Keynesian cross model is a simple version of what we call the 'complete Keynesian model' or simply the Keynesian model. Keynesian model has a
The following Table B presents the 2010 population, employment, and unemployment data among working age persons for several countries. a. Calculate the number of people in the l
Consider the following: "The physiocrats spoke of the natural order and favored laissez-faire yet strongly supported the absolute authority of the monarchy." Analyze this supposed
The marginal approach to profit maximization means that a firm should produce until a. marginal revenue equals zero b. marginal revenue equals marginal costs c. marginal cost becom
The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency. Q = αL β1 K β2 E β3 Where L represents numb
trying to figure out how this works as I have two classes currently statistics/economics an
the uses of production function
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