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Q. What effect do non-tradable goods have on PPP?
Answer: The consequence is quite substantial. In 1997 the production of non-tradable goods accounted for about 55% of U.S GNP. Together with haircuts non-tradable goods include housing, routine medical treatment and so on. For the nearly all parts non-tradable goods are comprised of services and the output of the construction industry. Non-tradable assists explain much of the wide departure from PPP that is present in empirical data.
Consider an RLC series circuit excited by v (t) = 100√2 cos 10t V, with R = 20 , L = 1 H, and C = 0.1 F. Use the phasor method to find the steady-state response current in the cir
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how do you work it out if there are 3 sources in parallel?
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