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Expenditure method is also called Flow-of-Expenditure method, consumption and investment method, income Disposal method, etc. Expenditure method measures the final expenditure
While referring to the "EYE on YOUR LIFE" section on page 389 of the textbook, discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the P
# ???? .. difference between gdp at market price and nnp at factor cost
Critically examine the statement that privatization can always decentralize economic power.
Explain the difference between productive and allocative ( economic ) efficiency. Explanation of productive efficiency, e.g. output at AC minimum Define to the effect th
COMPARE AND CONTRAST KEYNESIAN THEORY AND CLASSICAL MODEL
The inhabitants of Fantasia live for two periods, 0 and 1. They consume a nonrenewable resource called Fantasium in each period. Fantasium has to be extracted from the ground and t
Ask question difference between static multiplier and dyanamic multiplier
The tax-adjusted Multiplier and the balanced budget Multiplier are explained below: Taxes act as drag on the multiplier effect of government expenditure, because they represent
Interest rate determination The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil
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