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Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
Q. What do you meant by Relative Poverty? Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income
1) Investments 1A) What are the two components to total return ? What does expected value measure? What does standard deviation measure? How can each result be
diffence b/n fixed and variable input
What is the conditional mean: For every AR(1) model below: a. Do a three-period ahead forecasting using the given initial values and statistics. Write a 95% confidence int
assumptions
Change in the price of a related good: Goods relate to each other in two ways. Goods are either complements or substitutes. Complementary goods are goods with joint demand. The
Identify path of growth and development to economic maturity.
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This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
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