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The following is the information from the national income accounts for a hypothetical country:
GDP Rs. 6000.00
Gross Investment Rs. 800.00
Net Investment Rs. 200.00
Consumption Rs. 4000.00
Govt. purchases of goods & services Rs. 1100.00
Govt. Budget Surplus Rs. 30.00
What is a) NDP
b) Net exports
c) Govt. taxes minus transfers
d) Disposable personal income
e) Personal Saving.
Suppose that between January 2011 and January 2012 the total number of people employed and the unemployment rate both fell. Briefly explain how this is possible. [2 marks]
Define the Natural rate of unemployment Natural rate of unemployment is defined as the sum of rates of structural, frictional, and classical unemployment (excluding cyclical un
the difference between the AC and the AVC curve
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Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids =
What is the difference between the short-run framework and the long-run framework? Discuss how each relates to supply and demand.
According to liquidity preference theory, an increase in the price level causes the interest rate to: a.decrease, which decreases the quantity of goods and services demanded. b.inc
Table below shows the descriptive statistics which have been condensed from the data sheet for the period 1987 Q4 to 2011 Q3. GDP (%) Real Exchan
difference between gdp at market price and nnp at factor cost
WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN COMPLETE KEYNESIAN MODEL
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