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Why are the imports subtracted when GDP is measured in expenditure approach?
If you woke up in the working & found that nominal GDP has doubled overnight.
what statistic would you require to check before you began to celebrate: Why?
what is phillips curve
With the aid of a diagram explain the Philip''s curve
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)
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
In 2010, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $53 billion. If there were
using a graph of the classical labour market, illustrate the effects of a real wage existing in the market that is lower than the equilibruim real wage.what will eventually happen
Charge is distributed with constant volume density D throughout the rectangular box with length a, width b and height c. a) what is the monopole moment of this system. b) What i
What are the comparative benefit The idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative advantage. Comparative be
Firms such a Moody's and Standard &Poor's study corporations that issue bonds. They publish "ratings" for the bonds- evaluation of the likelihood of default. Suppose these rating c
Consider the following model of an economy that begins in a macro equilibrium,
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