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What are UN Millennium Development Goals?
The UN Millennium Development Goals (MDGs):
These are a set of objectives shared through the IMF, the OECD and the World Bank (WB), and endorsed through most countries. In 2015:
• Poverty reduction: Halve hunger and poverty
• Education enrol all children into main school
• Gender equality, removing gender disparities into education
• Health: Decrease child mortality through two thirds and maternal mortality rates from three quarters. These combat HIV/Aids.
• Sustainable development: Make sure environmental sustainability and reverse the loss of environmental resources.
explain any two factors that cause the shifts in the balance of payments curve.
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 po
I want a Fiscal policy in the School of rational expectations.
Q. Evaluate Nominal wages? Nominal wages W = (W/P).P The nominal wage is equal to the real wage times the price level. Because the real wag
what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
a) Get the latest data for each of the following variables for France in 2011: 1. Nominal GDP 2. Real GDP (Y) 3. Consumption (C) 4. Investment (I) 5. Government purchases (G)
Marginal Propensity to save (MPS) is the ratio of change in total saving to change in total disposable income. Symbolically, MPS = ?S/?Y For example, total
In the short run, the discrepancy between actual and expected price level causes changes in output and employment. But in the long run, if all other things remain constant, the hig
Effective Demand The concept of effective demand is the logical starting point of Keynes Theory of Employment. Effective demand manifests itself in the aggregate expenditure of
What is the marginal product? The marginal product of an input is the extra quantity of output which is generated by using one more unit of which input. Marginal product of
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