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How can we calculate the Inflation rate
Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level. In other words it is the rate at which prices are enhancing. It can be measured monthly, quarterly or annually. It is usually calculated by the Retail Price Index.
Wealth: This is a stock of accumulated purchasing power stored up from the past. For example, if you have a fat savings account accumulated from your past earnings, your curre
what is a perfect competition and how does it differ from monopoly?
research report of any firm
Around 2007, the world copper price was $2.00 per pound and 12 million metric tons per year was the quantity transacted. A) Assume copper’s demand elasticity is -.5 and supply elas
a) An enhances in the quantity demanded of a good can happen because consumers expect the price of that good to enhance in the near future. b) A price ceiling imposed above the
Suppose that nominal interest income is taxed at a rate of 30%. Calculate the before-tax real interest rate and the after-tax real interest rate if the nominal interest rate is 6%
1. Cost minimizing firms must be profit maximizing as well. False, why??
Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
#. The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50
define opportunity cost and how it is useful in managerial decision making?
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