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What are between material and non-material progress?
• Material progress considers to as economic growth. Growth is only one dimension of development. Growth doesn’t unavoidably mean development
• Non-material progress consider to as improvements into socio-political and cultural factors for example, increased life expectancy, improved education, greater access and capability to choose; freedom through fear of starvation.
What is green GDP and How it is evaluated ?
Table Summary of results from the ADF test Test Number Oil GDP Interest rate Inflation Unemployment Exc
Explain a circular flow of income in a frugal econmomy with diagram
using the marginal utility theory explain the consumption patten of consumers
Concept of Preference, Utility Function: Concept of Preference, Utility Function and Indifference Curve Consumer preference ('R') specified by the above axioms can be represe
In the long run, imports will most likely be paid for with: a. Aexports. b. The sale of real and financial assets. c. the extension of credit. d. higher domestic unempl
Scope of Economics
Show the effects on the price level and real GDP of a major union wage settlement that significantly increases wages. Is this a supply shock, a demand shock, or both?
why is imports subtracted from the expenditure approach
critically explain solow model of economic growth
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