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UK GDP at market prices by category of expenditure, 2015 Category of Expenditure £ million % of GDP Consumption expenditure of households and NPISH (C) 1 216 113 65.0 65.0 Government final consumption (G) 360 828 19.3 19.3 Gross capital formation (I) 327 855 17.5 17.5 Exports of goods and services (X) 510 340 27.3 27.3 Imports of goods and services (M) -548 908 -29.4 -29.4 Statistical discrepancy 3 332 0.2 GDP at market prices 1 869 560 100.0 100 Source: UK National Accounts, The Blue Book: 2016 (ONS) Discuss the type of trade policy that is inferred from the table that the UK had in operation in the year 2015, focusing your discussion on the main types of instruments that the UK government could have used to implement its trade policy
Auditor's Opinion on the Occurrence of Fraud. Sundback, CGR, is the auditor for Upseerin Manufacturing, a privately owned company in Espoo
Suppose the demand for a product is Q = 1200 – 4P; supply is Q= -240 + 2P. Say, marginal external damage is $12 per unit. What is the socially optimal quantity? How many more units will the free market produce? Calculate the deadweight loss associate..
Define price discrimination. Describe a price discrimination strategy that you could use at your movie theater (you must come up with a real-world strategy for this answer). How can you possibly earn extra profits by charging some customers a lower p..
How would you make a convincing case that open trade in goods and services as well as free flow of foreign direct investment will enhance the well-being of (a) consumers, (b) producers, and (c) the government of countries? Give specific examples to p..
For depreciation, a salvage value of zero was used. Bonnie wants a 15% after-tax rate of return on her investment.
Typically, hard economic times decrease nativism. Europeans lead the world in terms of the quantity of genetically modified (GM) foods consumed. Protectionism is where the government protects domestic industry from overseas competition. A dollar toda..
Annual Payment= $2,000 Payment Period= End of years 1 to 9 Total Number of Payments= 9 Length of investment= 28 years Interest rate= 20%
?Control over price and an oligopoly leveraging it can be a problem, just look at what happened to the price for insulin.
Name at least two legislations to prevent monopolization of businesses. Do you believe these legislations have been helpful? Discuss.
A consumer has a monthly income of 1000 dollar that he allocates among two goods: food and clothing. Suppose the price of clothing is pC = 50 and the price of food is pF = 20. Illustrate the various combinations of food and clothing the consumer coul..
A wage higher than the market wage paid by a firm in order to increase worker productivity is A. The real interest rate equals.
Evaluate the third-party payment system and its effect on the consumption and provision of health care services. Determine the most problematic area and make the relative improvements.
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