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In the year 2017, the net national product for a country was RM12 000 million. In year 2019, the currentnational product for the country is RM20 000 million. The current price index for this year is 180. If the year 2017 is the reference year ( the price index for this year is 100), Calculate the net national product for the year 2019.
What 3 concepts are most important to remember about the concept of design? Why, in your view, are these most important things? Give examples with each of these to illustrate your points. What is the MPG illusion? How might using GPM instead of MPG i..
Evaluate the following article and provide your strategic response as a firm in one several industries mentioned in the article
Jim, Mike and David are the only individuals participating in the very particular labor market for 'protective' services.
When output is 1,000 units, there are increasing returns to scale
Demand" is best defined as the relationship between:
In oligopoly markets, the market demand curve is:
If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20 percent, by how much should it increase the price?
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000. Elucidate what was real GDP in 1999 measured in 1996 prices.
Principles of economics for evaluating and assessing the need for the public health initiative, A brief description of whether the initiative is a micro or macroeconomic program, A determination of whether the result of the initiative is a public or ..
Consider a state debating how to finance emergency road and bridge improvements. Among the possibilities are increased fees on driver’s licenses, a personal property tax on motor vehicles, a tax on automobile parts (including tires), and a higher tax..
Assume that an investment is forcasted to produce the following returns: a 20% probability of a $1200 return; 50% probabilty of a $5600 return and 30% probabilty of $9500 return. What is the expected amount of return this investment will produce?
Suppose that the production function for owner-operators in the truckload sector of the motor carrier industry required that capital and labor be used in fixed proportions: one driver with each truck. Identify the production function for owner-operat..
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