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MRP Technique- Sectoral Distribution of Targeted Increase in GDP
There are two ways of increasing the GDP:
(i) Project and accomplish the growth in various sectors through linear increases, and
(ii) Modernise or diversify the economy effecting structural changes therein.
In a given year, the contribution of each sector of the economy to the total GDP and the same as a proportion to the total is known. Keeping in view the proposed policy interventions the contribution and share of each sector can be determined.
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
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how to solve major economic problem as a computer engineer
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
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1. Consider a model economy with a production function Y = K 0.2 (EL) 0.8 , where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is define
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