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If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) schedule; (
a. Describe the industry within which your business will be located and describe at least three recent trends in that industry. Note: This information and item b. following may b
QUESTION (a) In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy. (b) Define inflation and explain i
What is dual economy and development in an economy? Development in an economy: Differentiated or uneven development arises while the benefits of growth are not shared ev
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks
What is the t-value associated with 25 degrees of freedom and 20% in the tail? (Please round your answer to 3 decimal places)
Question 1: a. Describe the role of trade union in the wage bargaining process. b. Formulate a model that tests for the wage gap between union and nonunion earnings in a
What is Monopoly and how does it affect the economic postively and negatively?
explain how a price disciminating monopoly increases profits
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