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QUESTION
(a) Explain the 3 methods of calculating National Income?
(b) Why do all countries in the world calculate their National Income every year, despite all the difficulties involved?
(c) How far does National Income reflect the living standard in a country?
Importance of production.
#question the importance of managerial economics..
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
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In 2007, Segolene Royal, in an unsuccessful bid for president of France, says that employees who lost their jobs would obtain unemployment payments equivalent to 90% of the previou
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