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You have 300 right now. You invest into an account and 12 years later your investment will be 8 times of the initial investment. What the investment rate if
a) The bank pays simple interest?
b) The bank utilizes compounding interest?
Incentives Incentives designed to increase effort, reward enterprise and encourage saving and investment include: an emphasis on the effect of a reduction in the margi
What are the requirements for something to be considered money? Why does the dollar have value?
Q. How commercial banks create money? Commercial banks clearly can't influence the amount of currency in economy or monetary base because they aren't allowed to print money. Th
intrepret national income statistic
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
A significant argument for the augmentation has to do with concept of money illusion. Money illusion means that you care about nominal rather than real amounts. Imagine that your s
What are between material and non-material progress? • Material progress considers to as economic growth. Growth is only one dimension of development. Growth doesn’t unavoidab
Define the points of individual choices makes and interact. A. How individuals make choices: • Scarcity • Opportunity cost • Trade-offs • Marginal analysis B. Ho
Marginal Propensity to consume or known as (MPC) relates to a change in net or total consumption expenditure to a change in the total disposable income. Symbolically it is writt
What are the different stages of analysis in planning activities?
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