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exam notes of national income accounting
The Government, Rest of the World and the financial markets total expenditure of government can be divided into two parts: transfers to private sector and consumption.
1) Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
Explain the term- inventory investment We would have a negative inventory investment whenever inventories decrease. By net investments we mean gross investments minus depreciat
Can growth arise without development? Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, g
a small country produces 5000 units of output and has a money suplly of $2000. if citizens want to hold 10% of their income in money ie k=0.1 what are v, $gnp, p and real money sup
Trade barriers come in a lot of forms. Quota is one. This is when a country sets a limit to the imported products. This is completed for a number of reasons. One is due to the gove
"The price of Brent crude oil has hit $111 a barrel and US crude also rose in price, as worries persist about the unrest in Libya". (BBC News, 2011) This quote, from the BBC news w
Why is quantitative easing used during liquidity trap when it lowers interest rates too?
What is the difference between heckscher_olin theory and comparative theory
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