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Discuss about real verses nominal gross domestic product.
Real verses Nominal Gross Domestic Product:
Real Gross Domestic Product: the value of the concluding goods and services produced computed by using the prices of some base year.
Nominal Gross Domestic Product: Production valued at recent prices.
Real Gross Domestic Product per capita is a measure of average result per person, but is not by itself a suitable policy goal.
Q. Explain about Quantity theory of money? One of the main elements of the classical model is quantity theory of money. Quantity theory of money connects three important variab
Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit
has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50. Based on their expectations of profitability, Kashian r
Imagine Adam Smith living in today's economic climate. Describe what current economic issues about which he might be most concerned with and state why?
Assume two individuals, A and B, are considering marriage, and each face the same amount of hours a week to be split between market-labor and home-labor. Assume that A can make $2
Discuss the concept of dynamic multiplier.
Ask question #Minimum 100 words accepWith aid of evidence in the given article, comprehensively discuss the market structure in the South African mobile telecommunications industry
How can achieve mutual gain from international trade?
THE MULTIPLIER ANALYSIS Multiplier analysis explains what happens to circular flow of economic life when the behavior of one of the sectors or the components of aggregate dema
what is economic integration
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