Can GNP be more than GDP
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Can GNP be more than GDP?
Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Give the answer of following question. Refer to the given data. The marginal cost of producing the sixth unit of output is: A) $24. B) $12. C) $16. D) $8. Q : Effect of future consumption on When households become increasingly willing to defer current consumption in order that they can enjoy greater future consumption, in that case the: (1) interest rate rises. (2) equilibrium investment level rises. (3) present value of
When households become increasingly willing to defer current consumption in order that they can enjoy greater future consumption, in that case the: (1) interest rate rises. (2) equilibrium investment level rises. (3) present value of
The firm in a perfectly competitive resource market which consists of market (monopoly) power in its output market will hire the resources to a point where: (1) w = MRP. (2) VMP = MRP. (3) w = VMP. (4) MFC = w. Can someone please h
Rises in per capita income in the United States would be most probable to reduce the: (i) Demands for lard, pinto beans, and utilized tires. (ii) Excesses in the federal govt. budget. (iii) Supply of untrained labor relative to skilled labor. (iv) Tot
Within a competitive industry into the long run: (w) economic profits are common. (x) existing firms wither in growing industries. (y) economic profits induce new firms to enter an industry. (z) accounting profits will be zero for all firms.
Profit-maximizing firms which have market power: (w) are mostly always subject to government price ceilings. (x) decide how much to produce and what price to charge after estimating both their production costs and market demand, altho
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The firm which is the sole buyer of a specific good or resource is the: (i) Monopsonist. (ii) Conglomerate. (iii) Price discriminator. (iv) P
What is Marketability. Write some points for it.
The market structure of monopoly is characterized by: (w) a single firm producing a good which lacks close substitutes. (x) differentiated products produced by various firms. (y) marginal revenue or say MR less than price for several firms. (z) extens
Economic rent is: (w) income received by a factor owner in excess of the social opportunity cost of supplying the resource. (x) the difference between a firm’s revenues and the sum of the fixed and variable costs of production. (y) a form of eco
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