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.
Comparative if Person can make 15 wristbands and hour and 3 potholders. What is the comparative advantage? If same person works 20 hours a week graph the possible combinations sh
Determine the Long-term direct investment flows Long-term direct investment flows are when investors buy physical assets like land or capital equipment in another nation. This
How do the five competitive forces in Porter's model affect the profitability of the overall industry? For example, in what way might weak forces increase industry profits, and in
Over the past few years there has been much concern about falling housing prices, and some policy makers have argued that the government should put a floor under prices so that the
1. if the marginal cost of seating a theatergoer is $5 an the elasticity of demand is -3, the profit maximizing price is? 2. A firm determined that its total cost of production
In a survey of 120 publicly-traded companies, the average price-earnings ratio was 18.5 with a standard deviation of 8.2. When testing the hypothesis (at the 5% level of significan
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a y
One problem in using exchange rate when comparing GDP per capital between countries is that is fluctuates a lot. A way of avoiding dependence on exchange rate is to use purchasing
Explain the concept of diminishing returns to labor.
when domestic currency becomes more valuable in terms of foreign currency, the domestic currency is said to have
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd