Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Construction of real gross domestic product ?
To be able to make reasonable comparisons of GDP over time, we should adjust for inflation. For instance, if prices are doubled over one year then GDP will double although exactly the same services and goods are produced as the year before. To remove the effect of inflation we divide GDP by a price index and we define real GDP as GDP divided by a price index.
It isn't very common to use CPI in the construction of real GDP. The reason is that CPI measures price evolution of consumer goods whereas GDP includes investment goods and consumer goods. In place of it's common to use a GDP deflator as a price index. GDP deflator measures the price evolution of a basket whose composition is close to composition of GDP. Difference between CPI and GDP deflator is fairly small though. To avoid confusion, GDP which is not adjusted for inflation is frequentlyknown as nominal GDP.
Analyze how a model of the labor market can be used to explain wage and employment for healthcare workers.
The demand curve for product X is given by QXd = 340 - 4PX.\ a) How much consumer surplus do consumers receive when Px = $45? b) How much consumer surplus do consumers receiv
what is the difference between demand and supply?
In the heckscherohlin model, a decrease in the factors of production required to produce rice and beans would: a. shift the production possibilities frontier for rice and beans
Determine about the gross domestic product Growth By (nominal) GDP-growth we mean % change in (nominal) GDP over a particular period of time. Real GDP growth is stated as perce
The data set lowbwt.sav contains information for a sample of 100 low birth weight infants born in two teaching hospitals in Boston. Measurements of systolic blood pressure are sa
what measures should be taken to raise the productivity of the workers?
Price Mechanism Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which permits the p
You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y
Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd