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!
Q. Show the components of GDP?
The circular flow - simple version
We have defined GDP, gross domestic product, as the market value of all finished service and goods produced in a country during a specific period of time. We would now look closer at the definition and components of GDP- something that is essential if we want to understand macroeconomics.
In order to better figure out the details of GDP we will use the 'circular flow model'. The main purpose of the circular flow is to demonstrate how goods, services and money flow to and from different sectors in the economy. Such a model can be more or less detailed.
Figure
In this model goods (and services) flow counter clock wise while money flows clockwise.
Note that flow of money from firms to the factor markets is exactly the same as flow of money from the goods market to the firms. If this wasn't the case, firms as a group would make a profit or a loss. However since all firms are owned by individuals (indirectly or directly through pension funds and other funds), all losses or profits should ultimately fall on the consumers. This flow is part of the return on capital, a flow of money to the factor market.
Question 1: Discuss why living standards are higher in some countries than others. Question 2: (a) How is inflation measured? (b) What are the causes and consequence
What do learn by study the supply curve concepts? a. The relationship in between quantity of inputs and output b. Why production is frequently subject to reducing returns
Ok, so the supply curve for goal in the U.S. is perfectly elastic, while the demand curve has the usual shape. In 2011, the U.S. used 1,003 million tons of coal at an average price
An antenna shown in Figure is to be adjusted from its current position to a new desired position by turning a potentiometer at an angle θ i (t) . The potentiometer converts the an
what is the meaning of the credit multiplier in the monetary sector
what is the function of a budget
Q. What do you mean by Capital Flows? With free capital flows, this is a very unreasonable assumption. If we domestic interest rate increase against the foreign interest rates,
Figure below demonstrates a more developed version of the circular flow. In this figure we see how goods flow through various sectors of the economy. Figure Money in the c
Question 1 How was the Classical Theory of interest role criticized by Keynes? Question 2 Discuss the barter system that was used in early times in lieu of money Question
ECONOMIC ANALYSIS AND TYPICAL MANAGERIAL DECISIONS Despite the differences between microeconomic analysis and macroeconomic analysis, there is considerable overlapping and inte
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd