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Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
Balance of payment: It is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually on
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Calculating Variance (σ) The standard deviations of the 2 jobs are: The standard deviation is used when there are several outcomes instead of only two. * An Examp
Factors Shifting Supply Curve -
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Mediterranean Regional Project (MRP) Technique This technique had been initially employed by the OECD (Organisation of Economic Cooperation and Development, Europe) to prepare
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
description of slutskian approach
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
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