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Given the following hypothetical data (in millions of naira):1. gross private domestic investment N592. contributors for social insurance N83. interest paid by customers N34. personal consumption expenditures N2065. transfer payments N206. undistributed corporate profits N137. indirect business taxes N258. net exports of goods and services N49. capital consumption allowances N2110. government purchase or goods and services N5911. corporate income tax N2212. personal taxes non-tax payments N29
Calculatea) gross national productb) net national productc) national incomed) personal incomee) disposable income
explain how governments can contribute, or discourage long run growth through their policies and institutions.
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
Illustrate what do you think would occur when there is little or no competition is a marketplace
Elucidate how many car companies will buy a latest car assembly machine. Interest payments are made once a year.
The advent of personal computers also word processing software which eliminated the market for electric typewriters would be an example
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
How important is the existence of a significant barrier to entry to maintaining a monopoly? What would be the result if a monopoly market could be easily entered?
Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
Explain is a high degree of market concentration a boon or threat to consumers. What is the strongest argument on either side.
And within a few months, they reduced the amount of scrap to $7,000 worth [per year]." Was this necessarily an economically efficient move? Explain your answer.
Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?
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