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What is gross national income per capita
The absolute difference in gross national income per capita is 29,828 PPP$ that means UK income per capita is approximately 860% higher than India's.
The data are ranked in terms of descending Human Development Index (HDI) for selected nations. Though just because a country ranks above other countries in terms of HDI this doesn't mean that it ranks above same countries in terms of all factors which contribute to the value of country's HDI. For instance Czech Republic lies above UK in terms of HDI (0.865 compared to 0.863) however the country is below the UK in terms of life expectancy at birth (an age of 77.7 years as against 80.2 years).
Perfect Competition. a. What does it mean for a market to be perfectly competitive? What are the three conditions of perfect competition. What does it mean for firms to be 'p
farmer grows a bushel of wheat & sells it to a miller for Rs. 1.00. The miller turns the wheat into flour & then sells the flour to a baker for RS. 3.00. The baker uses the flour
Limitations of the theory of rational expectations: Critics of this theory note that if policy makers have more information about the economy or their own actions than d
The graph shows that if policymakers respond immediately to an oil price shock by stimulating aggregate demand, shifting AD to AD* then the level of output will remain constant. Th
"Subsidizing the price of milk or other agricultural products is not very expensive considering how many consumers there are in the United States. Therefore, there is little harmfu
Suppose the price level in year 2009 is 100 and $100 buys 100 notebooks that year. If the price level rises to 125 in year 2010, what is the new value or purchasing power of the do
I will need to upload a file as the questions are bit too long to type
What causes economic growth? Causes of economic growth: Into the Solow model, economic growth is based onto the quantity and quality of technology and resources. Growth
Malaysia’s Bank Negara has cut the country’s economic growth forecast to between 4 and 5 percent for 2012, weighed down by Europe’s economic woes. Discuss ONE (1) demand-management
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