Explain Unemployment, Growth, and the Future
Explain Unemployment, Growth, and the Future?
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A. Unemployment and productive inefficiency occur when the economy is producing less than full production or inside the curve.
B. In a growing economy, the production possibilities curve shifts outward.
1. When resource supplies expand in quantity or quality.
2. When technological advances are occurring.
C. Present choices and future possibilities: Using resources to produce consumer goods and services represents a choice for present over future consumption. It represents a choice for future over present goods by using resources to invest in education, technological advance, as well as capital goods. The conclusion in the present will create more/less economic growth in the future as how to deal out resources.
Opportunity Cost:Whenever you select a particular alternative, the next best alternative should be given up. For illustration, when you desire to watch cricket highlights in T.V., you should
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Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
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