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List of major emerging-market economies
To determine if the UK is to benefit from growth of emerging-market economies in the future, it should start exporting goods and specifically services to these countries in greater volumes. Though this is much easier said than done and is dependent on a supply-side led reform of methods of production in UK. Yet British service sector is the home to a number of the best service sector firms in the world. Also the UK possesses some extremely competitive niche manufacturing companies. Though if the UK economy is to produce jobs and export more to EMEs in the future it is required to ensure that it sets up trade links quickly with the major emerging-market economies and fend off competition from other EU countries, Japan and USA.
Rewrite the national-income model (3.23) in the format of (4.1), with Y as the first vari¬able. Write out the coefficient matrix and the constant vector.
distnguish betweenNational income at market price and National Income at factor cost, explain the importance of the distinction
ASuppose an economy has overbuilt and suffers from excess capacity A recession ensues due to firms cutting back on expenditures. Is deficient demand more easily remedied by monetar
A student is taking two courses, History and Math. The probability that the student will pass the history course is .60, and the probability of passing the math class is .70. The p
The quantity of coffee demanded, QD, depends on the price of coffee, Pc, and the price of tea, PT. The quantity of coffee supplied, QS, depends on the price of coffee, Pc, and the
state and explain two factors that cause the shifts in the balance of payments curve.
subjective questions on national income determination
a good is classified as inferior if a. consumers buy less when the price rises b. consumers buy less when the income rises c. consumers buy less when the price falls d.
calculation of fiscal deficit
Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. a. What are the required reseves of P
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