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How do countries grow Economic growth?
Economic growth is attaining by increasing:
• Quantity of resources by investment
• Quality of resources by training as well as R and D
• New types of technologies
The following is the information from the national income accounts for a hypothetical country: GDP
What is the price elasticity of supply? Price elasticity of supply: The price elasticity of supply is a measure of the receptiveness of the quantity of a good supplied to pr
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time. If you are completely on top of the material delivered in class, the
You have been invited by world leaders to be part of a team of international economists selected to make recommendations on how the international community might work together more
Explain determination of national income using aggregate demand-aggregate supply and saving-investment methods for a three sector economy.
For an interest rate of 12% per year compounded continuously, find (a) the nominal rate per year, (b) the nominal rate per quarter, (c) the effective rate per quarter, and (d) the
Explain the concept of diminishing returns to labor.
1) Assume that the production function for New Zealand is given by Y = AK0.57L0.43, where Y is real GDP (in 2000 constant dollars), K is real capital stock, L is labour. The parame
I want a Fiscal policy in the School of rational expectations.
Trade-FDI Nexus: Economic liberalization promotes both trade and FDI. FDI could be export-promoting, import substituting or import enhancing depending upon supply and demand f
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