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MRP Technique - Estimating the Level of Output for the Target Year
Taking into account several parameters of economic growth such as past trends, present as well as proposed investments at the macro-level, population pressures, etc. the desired target of economic growth in terms of GDP per capita for a given year in future will be set.
The GDP per capita of the accounting year will be taken as base year. The year for which a desired GDP is targetted is the target year. Increases in output required to fill up the gap will be computed taking into consideration the growth rate of population.
Define the term “cross elasticity of demand” (2 marks) Price of commodity X (SH) Demand for commodity X (Units) 12 80 16 100 20 120 24 140 28 160 d) The following data relate to a
concept of the law of supply
Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman
Extracellular digestion is that in which food breaking into utile molecules that can be internalized by the cell is completed in the extracellular space, i.e., outside the cell. In
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Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
RECENT DEVELOPMENT OF DEMAND THEORY: The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt
what is basing point
Consider a hypothetical nation, Solowland, which were in the steady state. We consider a constant return to scale production function based on two production factors, labor and cap
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
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