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.
Criticism of keynesian system
outline two main restrictions by indian government applied to import. Using the data from your case study analyse and explain who would benefit directly and who would lose directly
Suppose you have $10,000 and wish to purchase an annuity that pays you a fixed dollar amount every month. How much would you receive each month if the annuity rate is 1% and you in
how can we derive IS curve why has it negative slope
What are forms of price ceiling to lead inefficiency? Price ceilings frequently lead to inefficiency into the forms of: a. Ineffective allocation to consumers b. Wasted r
The yeild of Maize is 73429 Hg/Ha, I need to translate it into bu/a, and I konw use 56lbs/bu as test weight. Please leave the process so that I know how to do it, thankyou.
What impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run? How will expansionary monetary policy a
How much does GDP rise in each of the following scenarios: 1. During a recession, the government raises unemploymemnt benefits by $100 million. 2. A new US airline purchases
if your earning records over year has been:Yt=$40000 Yt-1=$38000 Yt-2=34000 Yt-3=$32000 YT-4=31000,What is the your permanet income?
Q. Determination of GDP in the cross model? In the cross model, GDP is determined as the solution to the equation Y D (Y) = Y We may explain
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