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What is the opportunity cost of economic growth?
Opportunity cost measures the cost of an economic option within terms of the next best option foregone.
The government of a developing country only meeting its important wishes may chose to reallocate resources through the production of consumer gods to investment the goods.
Opportunity cost of economic growth: The economy moves from A to B
The short run opportunity cost of HG additional investment is ED lost consumer goods probably essentials. People might starve for additional producer goods.
How growth are improved living standards The two main benefits of growth are improved living standards and technological advancement. As an economy grows, the output of
Determine in detail about money supply of Central bank The central bank will not pay cash when it buys government securities. Instead, it will ask the seller's bank to credit t
Outline briefly a. How people make decisions? b. How they interact? c. How economy as a whole works? 1. Give three examples of important trade offs, th
subjective questions on national income determination
GDP is an important indicator of a nation's economic performance. It has many components which contribute to the growth of the economy. Oil is a minor component of GDP and therefor
Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 78 - 2PX. Suppose the government imposes a price floor of $35, and agrees to purchase any and all un
HOW CAN A COUNTRY MAINTAIN EQUILIBRIUM GDP IN AFOREIGN TRADE?
Mathematical Presentation: Consider the utility function U = U(x 1 , x 2 ). Differentiating totally, we get the following: dU = U 1 dx 1 + U 2 dx 2 = 0 (as along the indiffe
To the right is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is t
equilibrium in money market and derivation of lm curve
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