List the components of gdp in the output approach

Reference no: EM1373772

1. Discuss and explain the components of GDP in the output (expenditures) approach and in income approach, NDP, NI, PI, and DI.
2. Find an investment schedule and how does it differ from an investment demand curve?
3. What is Say's law? How does it relate to the view held by classical economists that the economy generally will operate at a position on its production possibilities curve. Use production possibilities to demonstrate Keynes's view on this matter

Reference no: EM1373772

Questions Cloud

Rise in the minimum wage : Use an appropriate diagram, demonstrate and describe briefly how a increase in minimum wage could result in higher employment in a monopolistic labor market.

Hinder growth in developing economies : Between problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange.

Social diversity and business ethics : Discuss on social diversity and business ethics and how has a more diversified labor force affected the corporate structure and economy?

Compute profit-maximizing output, price, and profit levels : Compute profit-maximizing output, price, and profit levels and Use the Lagrangian multiplier method, compute profit maximizing output, price, and profit levels in light of a parts shortage that limits output

List the components of gdp in the output approach : Discuss and explain the components of GDP in the output approach and in income approach, NDP, NI, PI, and DI.

Determination of the equilibrium wage : In the context of a supply demand diagram of low skill labour market, a minimum wage above competitive equilibrium will decrease employment relative to competitive equilibrium.

Multiple choice questions related to economic statistics : Determine which is true of leakages and injections in the circular flow, the consumer price index measures changes in

Ad and as analysis : Suppose the economy is in a recession. Explain an adjustment process using AD and AS examine that will ensure that the economy will return to full employment

Short-run aggregate supply curve : Describe why Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near full employment and becomes especially steeply sloped beyond full employment RGDP

User Account

All Pages