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. Describe the macroeconomic variables?
In this section we have summarizes all the macroeconomic variables. The first column denotes the symbol we use for variable whereas column 2 shows the name of variable.
Variable
Variable name
Y
Real GDP
P
Price level
P.Y
Nominal GDP
U
Unemployment
L
Hours worked
K
Amount of capital
W
Nominal wage
W/P
Real wage
M
Money supply (nominal)
R
Nominal interest rate
r
Real interest rate
C
Private consumption (real)
I
Investments (real)
G
Government expenditure (real)
NT
Net tax (real)
X
Exports (real)
Im
Imports (real)
NX
Net exports (real)
SH
Household savings (real)
SG
Government savings (real)
SR
Rest of the world savings (real)
p
Inflation
pe
expected inflation
pw
Wage inflation
pM
Growth in money supply
E
Exchange rate
pE
Depreciation in exchange rate
Two of the variables are stock variables: K and M. Prices can't be characterized as a stock or flow variable. P, W, R, r and E apply at a given point in time whereas p, pe, pw and pE apply over a period of time. p, pw and pE are changes in P, W and E during previous time period while pe is the expected change in P during next time period. All the other variables are flow variables measured in some unit per unit of time (for instance, L is the number of hours worked per year or per any other unit of time).
please,how do i relate keynesian theories on fiscal policy to the topic"impact of oil revenue on agricultural productivity?
Suppose you have decided to do some savings. You will deposit $200 this year into an account that earns 2% per year and increase the amount deposited each year by 20% in every year
Researchers have put forth various theories to explain the observed widening of the income distribution in the United States over the past four decades. First, there has been a sh
Gas Guzzler Motors is one of three major auto producers. It is currently producing 6,000 cars a day, and selling them at a price of $10,000 each. Its marketing department tells it
what is real and norminal interest rates?
Determine the principle of equity The principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay tax. The principle of efficiency
What are the comparative benefit The idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative advantage. Comparative be
who are cheap money;gainers and losers
Market questions come in two types: Type 1: you are given the exogenous variable change and you must shift the correct curve in the right direction and then determine the new pr
7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
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