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Question:
Table below shows the recent trends in terms of consumption.
(a) (i) Explain what is meant by the term ‘marginal propensity to consume' (MPC) and the ‘average propensity to consume (APC)
(ii) Summarise the changes in country's A MPC from 2003 and 2010.
(iii) Explain how the MPC could exceed 100% in 2004 and 2005.
(b) (i) Define and calculate the average propensity to save (APS) from 2003 to 2010.
(ii) Explain how the APC and APS are related over period 2003 and 2005.
(iii) Define the multiplier effects.
(iv) What further information in additional to that available from the table is required to calculate the multiplier effects on Country's A national income.
what is the relevance of the lewis model
Question 1: (a) Outline the three main methods of recruitment. (b) Discuss the advantages & disadvantages of any one method mentioned above.
Public policies often alter the costs and benefits of private actions. Why is it important for policymakers to consider both the direct and indirect effects of public policies? Sel
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One constraint in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime
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
Which of the following is an important consideration in short run factor-proportions trade analysis? a. Comparative advantages only occur in theory. b. Specific factors are a
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A company is considering investing in power generation. It wants to setup a 1000 MW power generation system. The company hired you as a consultant to explore different options for
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