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State the Private sector in the circular flow Private sector total income is known as the national income. As private sector receives entire return from the factors of prod
If you take nations total income and subtract out private consumption government consumption what you will find?
You are the manager of a firm that receives revenues of $50,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -3,
Q. Equilibrium in the labor market? Equilibrium in the labor market Real wage W/P will be equal to the equilibrium real wage in the classical model
calculation of GDP
The following is the information from the national income accounts for a hypothetical country: GDP
Interest Rates (R) - I feel that it is important to include a variable which represents the monetary sector of the economy because those inflationary pressures which are expected t
What is total surplus in net gain? Total surplus in net gain: The total surplus generated into a market is the total net gain to consumers and producers through trading into
how does deusenberry relative income theory influences inflation
let Y denote the number of "heads" that occur when two coins tossed. a) Derive the probability distribution of Y b) Derive the cumulative probability distribution of Y c)
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