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Q. Production function and Growth? From the simple production function Y = f(L, K), we can classify three sources of growth: An increase in L. An increase in K.
explain the stages and various coordination mechanisms involved in policy processes.
what happens when there is changes in the quantity supply?
Determine the Economic functions of money There are three functions of economics of money - A medium of exchange. - A unit of account - Store of value.
What is green GDP and How it is evaluated ?
how can a country maintain equilibrium GDP with foreign trade?
If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good that is sacrificed) remains constant, then the shape of the productio
different determinants of propensity to consume
the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.
a good is classified as inferior if a. consumers buy less when the price rises b. consumers buy less when the income rises c. consumers buy less when the price falls d.
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