Estimating the level of output for the target year, Microeconomics

Assignment Help:

MRP Technique - Estimating the Level of Output for the Target Year

Taking into account several parameters of economic growth such as past trends, present as well as proposed investments at the macro-level, population pressures, etc. the desired target of economic growth in terms of GDP per capita for a given year in future will be set.

The GDP per capita of the accounting year will be taken as base year. The year for which a desired GDP is targetted is the target year. Increases in output required to fill up the gap will be computed taking into consideration the growth rate of population.


Related Discussions:- Estimating the level of output for the target year

Objective probability, The Objective Probability -  100 explorations out...

The Objective Probability -  100 explorations out of which 25 successes and 75 failures -  Probability (Pr) of success = 1/4 and probability of failure = ¾ Given: -

Explain about social-democracy, Q. Explain about Social-Democracy? Soci...

Q. Explain about Social-Democracy? Social-Democracy:It's a reformist political strategy that aims to win certain improvements in social and economic conditions under capitalism

Borrowings, Borrowings: The widening fiscal gap led to a steep rise in...

Borrowings: The widening fiscal gap led to a steep rise in the outstanding liabilities of the Central Government. The outstanding domestic debt of the Central Government as a

Demand and supluy curves, using demand and supply curves explain how shorta...

using demand and supply curves explain how shortage and surplus are created

Returns to scale, Returns to Scale Measuring relationship between scale...

Returns to Scale Measuring relationship between scale (size) of a firm and output 1. Increasing returns to scale: output more than doubles when all the inputs are doubled

How to get the answers, #. The following information applies to the market ...

#. The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50

Factors determine the price elasticity of supply, Factors determine the pri...

Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others

What are the property rights in the process of development, Explain the imp...

Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b

Wage Discrimination, Suppose that two wage regressions are estimated for na...

Suppose that two wage regressions are estimated for native and white workers: Wn = 5.0 + 0.10S Ww = 6.0 + 0.14S Pick a reasonable average level of schooling for white and Native wo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd