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Q. What can you learn from the figure below, which depicts the US GNP and its components for the year 1997?
Answer: The U.S. GNP is about 8 trillion expenditure represents about 6 trillion and so on. The current account is in a small shortfall smaller than the one from 2000.
Application of defferential calculus in economics
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derive the eqilibrium equation for the trade balance
Discuss the differences between Absolute PPP and Relative PPP . Answer: Absolute Purchasing Power Parity (PPP) states that the exchange rate between two currencies equals the
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Theories about the Problems of LICs are discussed below: In order to explain this big problem of poverty and of the asymmetric ownership of the wealth and income in the world,
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Development through stabilisation and reform can be understood as follows The reasoning here was that the trade and resource transfer could not, by themselves, lift L
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