Gross Domestic Product of Norway
What do you mean by Gross Domestic Product of Norway?
Expert
Norway is one of the world's most developed country and is home to one of the most advanced economies in the world. The country's overall Gross Domestic Product (GDP) is quite large considering the nation's small population. Its Gross Domestic Product (GDP per capita is higher than that of the United States which is ranked second in both nominal and PPP figures.
Its 2005 GDP figures were as follows:
i) Nominal GDP: $296 billion (25th rank)
ii) GDP PPP was $195 billion (42nd rank)
iii) Nominal GDP per capita is: $6- (2nd rank)
iv) GDP PPP per capita: $42,000 (2nd rank)
A monopoly is a type of market structure in that one: (w) seller makes up the industry. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the particular buyer of resources. Q : Define marginal cost Marginal cost : It Marginal cost: It is the change in sum cost by generating one more or less unit of output.
Marginal cost: It is the change in sum cost by generating one more or less unit of output.
The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.
A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of
Can someone help me in finding out the right answer from the given options. The supply curve reveals the highest: (i) Stock on hand in inventory. (ii) Gains a firm makes by selling varying quantity of a good. (iii) Quantity of a good which sellers will offer at differ
When line 0C0' shows the 2005 U.S. income distribution, in that case the line that would shows the 2005 wealth distribution would be probably line: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.
Please help me to solve the problem that is given below. A minimum legal price is a price: (1) foundation. (2) umbrella. (3) ceiling. (4) cut. (5) floor. I need a good ans
An asset's liquidity is, by description, MOST negatively associated to the: (1) asset's suitability as a commodity money. (2) transaction costs incurred in its purchase or sale. (3) speed with which that can be sold. (4) certainty about its market pri
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
For water the price elasticity of demand is: (w) low since the price is high. (x) high since the price is high. (y) high since there are few substitutes for water. (z) low since this has few substitutes and a low price. Discover Q & A Leading Solution Library Avail More Than 1433349 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1922251 Asked 3,689 Active Tutors 1433349 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1922251 Asked
3,689
Active Tutors
1433349
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!