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Can growth arise without development?
Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, growth does not mean development while the benefits of higher GDP advantage only the ruling elite as well as cause severe long-term environmental damage.
Functions of Money During the course of history money has taken various forms. In fact, there is no difficulty in identifying money but the problem is defining money. Economis
Q. Explain about Quantity theory of money? One of the main elements of the classical model is quantity theory of money. Quantity theory of money connects three important variab
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,
Financing of Fiscal Deficit: Since the size of balanced budget of the multiplier is small, it is not for all time possible to get the needed demand expansion by raising the exp
Q. Describe the Keynes motivation? Keynes' motivation: In good times, when Y is high (above its trend), national income is high (above it trend). Consumers will take this opp
C=100+0.75Yd How do i calculate marginal propensity to consume?
Your firm usually uses about 200-300 tons of steel per year. Last year, you purchased 100 tons of steel than needed (at a price of $200 per ton) In the meantime, the price of steel
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
What do you mean by Gross Domestic Product? Gross Domestic Product: GDP stands for Gross domestic product, measures the value of all concluding goods and services produce
# ???? .. difference between gdp at market price and nnp at factor cost
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