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What are the important aspects in tracking the macro-economy?
Important aspects in tracking the macro-economy:
a. How economists utilizes aggregate measures to track the presentation of the economy.
b. What gross domestic product (GDP) is and also the three methods of computing this.
c. The dissimilarity between real and nominal GDP and why real GDP is the suitable measure of real economic performance
d. The meaning of the unemployment rate and how this moves over the business cycle.
e. What a price index is and how this is used to compute the inflation rate.
Evaluating Legal Prices: Collect information regarding the minimum wage. State the procedure of this legal price, assess its impact on the market for labor, and evaluate the extent
The original data values cannot be determined once they are grouped into a frequency distribution channel?
why is international trade important south africa
Q. Simultaneous determination of Y in the IS-LM model? Simultaneous determination of Y and R in the IS-LM model By combining IS curve and LM curve, we can graphically e
Marginal propensity to SPEND refers to: a. a nation's additional spending on a good per an additional unit of expenditure. b. a nation's additional consumption based on a unit incr
Differentiate economic growth and economic development. Economic growth is a raise into real GDP. GDP is only one dimension of development and therefore is a narrow measure of
Draw the PPC model of peace time goods and war time goods and describe its characteristics. Label point A as being more toward peace time goods than war time goods and show graphic
discuss Haberler''s opportunity cost doctrine.
Each day millions of Americans purchase millions of goods and services. These goods and services are generally readily available, as long as you have the necessary money to purchas
Steps to real wage rates to fall Wage 'stickiness' or wage inflexibility may stop the real wage rate falling to the full-employment wage rate. Stickiness or inflexibility is ca
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