Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
process to calculate gross domestic product
We just include finished goods and services - which is, anything that is sold directly to consumer. Electric power sold to a steel mill isn't included while all the electric power sold directly to consumers is included. Reason is simply that we want to avoid "double counting". Consider for illustration the production of cars. Car producers have parts produced by other firms which in turn have parts delivered by other firms and so on. If we were to count value of everything produced by a firm, then most parts of a car will be counted several times. This is why only the value of finished car is used in calculation of GDP. Note, though, that if a firm buys a robot which it uses in production of cars, then this robot is counted (if it's produced in the same country). Car producer is then "final consumer" of the robot - no value is added to it and it is not resold to another firm.
Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. If a minimum wage is set at $4.00 (W = 4), then how all step by step.
THE AD CURVE SHIFT TO THE LEFT WHEN
what is gdp
what are the qualitative methods of controling credit
Explain how inflation unemployment trade-off is not feasible under adaptive expectation.MEC002
what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance
Why is it important for policymakers to consider both the direct and indirect effects of public policies?
i wan''t the answer of this Q Question 3 (5 marks) Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (
explain the functions and role of the world bank
Determine the Economic functions of money There are three functions of economics of money - A medium of exchange. - A unit of account - Store of value.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd