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 Destruction of capital?
Destruction of capital, for instance, through a war, works in the opposite way. Marginal product of labor falls, GDP per capita falls and population decreases. This will again result in an increase in the marginal product of labor and GDP per capita return to the 'survival rate'.
The core point of the model is that population growth would always eliminate the positive effects of technological development and GDP per capita will always return to survival level. This very ‘dismal' growth theory was prominent in the early 1800s and economics to this day is sometimes known as the ‘dismal science'.
Today we know that predictions of the model where incorrect. During rest of the 1800s Europe experienced a growth in GDP per capita. While the population growth was high, it was not nearly sufficient to eliminate the positive effects of technological development.
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
i need help comparing real values in the base year dollars
solutions to central problems of economy.
Money is generally considered to have three economic functions: A medium of exchange. This is its most significant role. Without money we would live in a barter economy wher
Monetarism This school argues that disturbances within the monetary sector are the principal causes of instability in the economy. According to monetarists, the money supply i
The mundelfleming model takes the world interst rate r* as anexogenous variable.Let,consider what happen when this variable changes.a,what maight cause the world interest rate tori
factors affecting national income
What are the Market interest rates The most important interest rates from a macroeconomic perspective are interest rates that the government pays on the loans they use to finan
A restaurant/bar is analyzing its pricing of beer. It has determined that the price elasticity of demand for beer is 0.8, the cross-price elasticity for wine with respect to the pr
The enrollment in a course offered by the College of Business is random and is described by the following probability distribution: there is a 9% chance of 18 students, 22% chance
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