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National Budget:
A National Budget is a document showing estimates of expected government revenue and intended expenditure for the coming financial year. It usually consist of the review of the performance of the immediate preceding budget, objectives of the present budget, revenue projection, estimates of current and capital expenditures as well as policy strategies to promote the achievement of the stated objectives.
A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ
Suppose that doctors shift away from a fee-per-visit system and are instead paid set annual salaries. What effect will this have on the supply and demand situation for the health
Measure Inflation : There are two common methods of measuring inflation: (i) percentage change in price index numbers (PIN) , and (ii) change in GNP deflator. The tw
Examples
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Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
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