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The idea for the national accounts came during the 1930s depression in the U.S., when decision-makers wanted to get a better sense of by how much economic production had fallen. Simon Kuznets was commissioned to make the national accounts.
The business sector produced slightly more than 77% of GDP, while the household and institutions sector, and the government sector were every estimated to have contributed about 11% of the total GDP.
I need someone to do my quizzes it has 24 questions each. There are a total of 11 quizzes
what is outputgap?
Monopsony is single buyer of a commodity in the market. The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product mar
why is normal rate of return on capital included in the total cost and what implication does it have
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
What is the theory of second best? Prove the theorem with the help of diagram.
User Cost of Capital = Economic Depreciation + (Interest Rate)(Value of Capital) - Example An Airline buys Boeing 737 for $150 million with the expected life of 30
what is pooling equilibrium
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