National statistical agency

Assignment Help Business Economics
Reference no: EM131850883

1. When computing GDP, we make an adjustment whereby we add any increase in inventories to the value of goods and services sold. Why do we make this inventory adjustment?

2. Suppose you work for a national statistical agency and are asked to set up a program to collect data on and compute a consumer price index. How would you go about doing this?

Reference no: EM131850883

Questions Cloud

Evaluate key elements of the marketing communications mix : Select a brand from those listed and critically evaluate the key elements of the marketing communications mix.
Calculate the firms wacc : Calculate the firm's WACC. Prepare and analyze each planned capital expenditure.
How did google acquire its power : How did Google acquire it's power? How could this power be used in negative or harmful ways, here and worldwide?
How much will you pay for the contract today : If you require an effective annual return of 7 percent on this investment, how much will you pay for the contract today?
National statistical agency : Suppose you work for a national statistical agency and are asked to set up a program to collect data on and compute a consumer price index
What does the term bank failure mean : What does the term "bank failure" mean? What role does FDIC insurance play?
Develop a new innovation based on the types of innovations : Think about a current unfilled consumer need. Develop a new innovation based on the types of innovations to fulfill that consumer need. Explain your rationale.
Discuss the idea of external benefits in funding : 1. Discuss the idea of external benefits in funding an education in the arts versus engineering or business
Into what ethics traps did these jp morgan employees fall : Into what ethics traps did these JP Morgan employees fall? What options did the executives and traders have for dealing with this wrongdoing?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd