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.
The economic loss occurs whenever total revenue: (i) Is equivalent to the total costs. (ii) Fails to cover the opportunity costs. (iii) Surpasses opportunity costs. (iv) Surpasses the explicit costs. Can someone please help me in f
The part of this supply curve for 2×4s which is most price elastic is in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point d and point e. (v) point e and point f. Q : Increasing demand for Complementary Can someone please help me in finding out the accurate answer from the following question. When tortilla chips go on sale for fifty percent off, then the demand for salsa is most probable to: (1) Stay similar. (2) Reduce. (3) Raise. (d) Raise only when salsa as well g
Can someone please help me in finding out the accurate answer from the following question. When tortilla chips go on sale for fifty percent off, then the demand for salsa is most probable to: (1) Stay similar. (2) Reduce. (3) Raise. (d) Raise only when salsa as well g
In this demonstrated figure kinked demand curve model, when a firm at point a raises or lowers its price and the rest of the firms in the industry do similar thing, in that case the relevant demand curve for the firm is: (w) demand curve D0
When increased demand causes the price of main beluga caviar to climb from $2750 to $3250 per pound and consequently world production rises from 24 to 40 tons yearly, its caviar has a price elasticity of supply approx
State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.
Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for
(a) Explain the relationship between full employment of resources and full production. (b) Look at the following production possibilities curve illustrating the possibilities in Sluggerville for producing bats and/or p
When the price Pixie’s Restaurant charges for its well-known cheesy fried grits rises from $2 to $4 and quantity demanded falls from 750 to 500 servings weekly, the price elasticity of demand over such price range is approximate
The marginal resource cost for the monopsonist in labor market which can’t discriminate the wage: (1) Is perfectly inelastic. (2) Lies beneath the market supply of labor. (3) Lies above market supply of the labor. (4) Is perfectly elastic.
18,76,764
1961599 Asked
3,689
Active Tutors
1458468
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!