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MRP Technique- Sectoral Distribution of Targeted Increase in GDP
There are two ways of increasing the GDP:
(i) Project and accomplish the growth in various sectors through linear increases, and
(ii) Modernise or diversify the economy effecting structural changes therein.
In a given year, the contribution of each sector of the economy to the total GDP and the same as a proportion to the total is known. Keeping in view the proposed policy interventions the contribution and share of each sector can be determined.
graphical illustration describing the influence of an increase in immigrants on the market supply of labour
Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o
1.A firm producing Golf sticks has a production function given by Q=2v(K L) In the short run, the firm’s amount of capital equipment is fixed at k = 100. The rental rate for k
Inflation-Unemployment Trade-off under Rational Expectations : Robert Lucas (1972) pointed out another implication of the above hypothesis of adaptive expectations. Suppose in
Question You are the COO at PineApple, a company that produces notebook computers for business people. The company has just developed a new model - Pbook. For production of P
For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive
Slutsky's Theorem: Graphical Presentation We prove here that own price effect is the sum of own substitution effect and income effect for a price change, which is known
Production without capital is hard for us even to imagine. Nature cannot furnish goods and materials to man unless he has the tools and machinery for mining farming forestry fishin
Examples
Discuss about the language and methods of mathematics in modern economics. Language and Methods of Mathematics: This section reviews some fundamental mathematics results
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