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)
An instance of the principal-agent trouble would be: (i) The student failing an exam since he did not study. (ii) The crook being caught as he made much noise. (iii) My son purchase baseball cards with the money I gave him to purchase milk for t
LoCalLoCarbo has turn into the favorite of fad dieters. There in demonstrated figure curve A shows: (i) LoCalLoCarbo’s marginal cost curve. (ii) LoCalLoCarbo’s average variable cost curve. (iii) LoCalLoCarbo’s average total cost curve. (iv) the marke
Expansion of the industry in increasing cost industries causes: (w) increases in each firm’s costs at every level of output. (x) decreases in each firm’s costs at every level of output. (y) all firms to suffer long-run economic losses. (z)
What is APS? APS = S/Y.It is the ratio of income to saving which is termed as APS.
When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Q : Economic profits for most firms I have I have a problem in economics on Economic profits for most firms. Please help me in the following question. Economic profits for most of the firms will generally be: (1) The similar as their accounting profits. (2) Bigger than their accounting gains. (3) Less than the
I have a problem in economics on Economic profits for most firms. Please help me in the following question. Economic profits for most of the firms will generally be: (1) The similar as their accounting profits. (2) Bigger than their accounting gains. (3) Less than the
A purely competitive market would NOT be illustrated by: (1) many potential buyers and sellers. (2) each buyer or seller being a price taker. (3) an absence of long-run barriers to entry or exit. (4) aggressive advertising to compare brands. (5) a sin
Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measu
Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)  
Poverty within the United States can be explained most properly by: (w) differences in effort and sacrifice. (x) voluntary choices of low income persons to consume more leisure at the expense of more income. (y) monopsonistic exploitation of labor by
18,76,764
1944143 Asked
3,689
Active Tutors
1461079
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!