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A farmer grows a bushel of wheat & sells it to a miller for Rs. 1.00.
The miller turns the wheat into flour & then sells the flour to a baker for RS. 3.00. The baker uses the flour to produce bread & sells the bread to households for RS. 6.00. The households eat the bread.
What is the value added in every stages of production?
What is GDP?
An increase in growth rates will cause the production possibilities curve to a. shift inward. b. become steeper. c. become flatter. d. shift outward.
using the marginal utility theory explain the consumption patten of consumers
Another area where monetarists differ from Keynesians is money supply and interest rates. In the Keynesian analysis with less than full employment level equilibrium, the interest r
Suppose that a particular large hotel has 790 rooms. Furthermore, suppose that the demand for the hotel's rooms are normally distributed with a mean demand of 733 rooms with a stan
i wan''t the answer of this Q Question 3 (5 marks) Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (
Suppose the consumption function is C = $500 billion + 0.55Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially
Critically examine Say''s law of market
In the short run, the discrepancy between actual and expected price level causes changes in output and employment. But in the long run, if all other things remain constant, the hig
Liberalisation and Changing Sectoral Composition of FDI: The latest is the ICT wave that has influenced the global shift in service industries the most. Therefore, these flow
calculation of fiscal deficit
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