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Norway is one of the world's most urbanized nations and is home to one of the most superior economies in the world. The country's overall GDP is quite high considering the nation's small population. Its GDP per capita is higher than that of the United States, ranked second in both nominal and PPP figures.
Its GDP figures in 2005 were as follows: 1) Nominal GDP: $296 billion (25th rank) 2) GDP PPP was $195 billion (42nd rank) 3) Nominal GDP per capita: $64,000 (2nd rank) 4) GDP PPP per capita: $42,000 (2nd rank)
If the price of that cup of teh-tarik has increased in such an amount,economists may not necessarily conclude that the country is going throungh inflation.why is that so?
Elasticity of Price Expectations (epe)
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"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
Factors Shifting Demand Curve: Factors Changing Demand Effect on Demand Direction of Shift in Demand Curve Ef
draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of
Define the Production Possibilities Curve
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schedules for cost
#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con
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