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What was Real GDP for 2009? What does GDP tell us? How did GDP change from 2008? What caused these changes? What was GNP for 2009? What is the difference between GDP and GNP?
what is analitical approch to macroeconomics
Explain production as an income generating activity. What are the principal difference among government purchases of goods & service and transfer payments? Why are in
A brewery produces two kinds of beer, stout and IPA . Each batch of stout sells for $60 per unit while each batch of IPA sells for $108. Both products require malt, hops, barley, f
Pucker Lemonade, Inc., is a small company that produces bottled lemonade. Pucker's fixed cost includes the monthly rental cost of the lemon-smashing machines, the bottling machines
derive balance of payment line graphically
What do I calculate with quantity of each good produced, to find the Real GDP?
If 5000 units are sold and income increases by 20% with an income elastiticy of +2, what will the number of sales units be after the increase
i want an answer for my q Question 3 (5 marks) Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (eco
Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc
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