Describe how all actual economies are mixed economies

Reference no: EM133408916

Case: Make sure to create your own Google Doc, and answer the questions to the best of your ability, with descriptive, precise answers, using examples where necessary.

Questions:

Describe how all actual economies are mixed economies, having elements of free markets, tradition, and government intervention..
Index numbers, time-series and cross-sectional data, and scatter diagrams, are all examples of what? As well, why are they important in the world of macroeconomics?
Define national income, and explain the difference between GDP and GNP...
Describe and explain the differences between desired, and actual expenditures. Pls also provide one example.

Reference no: EM133408916

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