Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Show the components of GDP?
The circular flow - simple version
We have defined GDP, gross domestic product, as the market value of all finished service and goods produced in a country during a specific period of time. We would now look closer at the definition and components of GDP- something that is essential if we want to understand macroeconomics.
In order to better figure out the details of GDP we will use the 'circular flow model'. The main purpose of the circular flow is to demonstrate how goods, services and money flow to and from different sectors in the economy. Such a model can be more or less detailed.
Figure
In this model goods (and services) flow counter clock wise while money flows clockwise.
Note that flow of money from firms to the factor markets is exactly the same as flow of money from the goods market to the firms. If this wasn't the case, firms as a group would make a profit or a loss. However since all firms are owned by individuals (indirectly or directly through pension funds and other funds), all losses or profits should ultimately fall on the consumers. This flow is part of the return on capital, a flow of money to the factor market.
discuss the effect that the activities of a trade union might have on an economy?
Suppose one of your clients is four years away from retirement and has only $1,500 in pretax income to devote to either a Roth or a traditional IRA. The traditional IRA permits inv
To the extent that statutory compliance mandates conditions that formerly were only available to workers who had union negotiating power to win such conditions at the bargaining ta
Q. Overnight rates and interest rates with longer maturity? By controlling overnight interest rates, central bank will affect interest rates with longer maturity. Main reason f
Determine the example of Currency inside banks is not money An example may also illustrate this important fact: Eric has 100 euro - this amount is obviously part of the
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
Several species of Alternaria (A. citri, A. alternata, A. solani and A. tenuissima) produce toxic substances that have been found in apples, tomatoes, blueberries and others. The
Hello, how to cure inflation, particularly addressing rising food prices thanks Gedanken
Consumer Prices Index Two economic indices learnt at AS are the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). Both are used to calculate the average price lev
Q. Describe the macroeconomic variables? In this section we have summarizes all the macroeconomic variables. The first column denotes the symbol we use for variable whereas col
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd