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Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in the standard of living among the two countries widens over time. Describe?
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
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who is the proponent of theory of economic rhythm?
What happens during a business cycle of economy, and what can be done about it? Business cycle of economy: a. The consequences of recessions and expansions onto unemploymen
There, you can obtain the available data on GDP and its components. a. What is the value of nominal GDP during the past 5 years? b. What is the GDP deflator in 2006? c. Wh
What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)
Does the structure of the population issue? Dependents into an economy, children as well as old people are assists by the economically active. Dependency ratio uses to measure
what do you call an entrepreneur using someone elses ideas to start a business
The factors that affect the volume of production in economics
Any economic models for this title?
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