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Dependence on agricultural production:
Dependence on agricultural production and primary product for exports. The external sector comprises Imports and Exports, Ghana shows dependence on a single crop, Cocoa, for export. In Ghana, the major exports including cocoa account for about 60 per cent of the total foreign exchange earnings of the country. Minerals in general earn on the average about 15 per cent of our total foreign exchange earnings. Normally, primary products in LDCs account for between 80-90% of export earnings but in the developed countries it is about 35 per cent. In Ghana, the primary sector accounts for on the average, about 80 per cent of our foreign exchange earnings implying that Ghana is more of a developing country than a developed country.
Real Interest Rate: Interest rate on a loan, adjusted for rate of inflation. Real interest rate represents real burden of an interest payment. Real interest rates should be positiv
TC = Q3 – 8Q2 + 68Q + 4
Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p
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elasticity of demand of a product in different market forms such as perfect competition, monoply etc.
what is market equilibrium and disequilibrium?
For the following assume that b=.95 1, If the economy is short of the full employment level by 1.5 trillion, what could be done in the simple Keynesian cross model to fill the ga
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