Explain the term GNI per capita
How do you explain the term GNI per capita?
Expert
A wealth is earned can be measure by countries through economic activates all around the world.
Gross National Income (GNI) comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together from other countries its income received (notably interest and dividends) and somehow similar payments made to other countries. It is also known as Gross National Income (GNI).
It can be calculated as follows:
Gross National Income (GNI) = Gross Domestic Product + Net property income from abroad.
Extravagant and costly marketing through established firms in an oligopoly is probable to: (w) encourage entry by other profit maximizing firms. (x) raise the minimum efficient scale of production for new entrants. (y) act as a regulatory barrier of entry. (z) increas
When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within: (1) an economically efficient industry. (2) a purely competiti
At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic. Q : Find price elasticity of demand for Suppose yearly steel sales double to 80 million tons while the price falls $40 per ton, to $180 per ton. Therefore price elasticity of demand for steel is approximately: (w) 3.333. (x) 10.000. (y) 2.500. (z) 6.667. Q : Estimate total revenue when unitarily When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)
Suppose yearly steel sales double to 80 million tons while the price falls $40 per ton, to $180 per ton. Therefore price elasticity of demand for steel is approximately: (w) 3.333. (x) 10.000. (y) 2.500. (z) 6.667. Q : Estimate total revenue when unitarily When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)
When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)
Compared to either purely competitive firms or oligopolists, monopolies are: (w) more probable to consider the possible reactions of other firms. (x) oblivious to the actions of other firms. (y) less likely to engage
For a specified distribution of income within a purely competitive economy, marginal social benefit will the same marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits
What happens to equilibrium price if increase in demand is equivalent to increase in supply? Answer: In case of equivalent increase in demand and supply the equilib
The passage of a considerably higher legal minimum wage would be most probable to advantage: (1) Philosophy majors. (2) American high-school drop-outs in their teens. (3) Foreign workers whose manufacture is exported to the United States. (4) Unionized construction wo
HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. There level of sales and production at that HoloIMAGine would minimize its average cost [ATC] of production corresponds to as: (1)
18,76,764
1929411 Asked
3,689
Active Tutors
1459008
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!