Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Whenever the price of a good all along a demand curve is modified since of a change in supply, the substitution effect is the modification in purchases of a good which result from a change merely in: (1) The associative price of that good. (2) Consumer tastes and prio
Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
Assume that you receive $18 worth of ‘jollies’ (that is, utility, satisfaction or pleasure) from the very first hole of golf played on a particular day, and that your extra jollies from succeeding the holes drops $1 for each and every hole played. You shou
In calculating the GDP national income accountants:
Possibilities Food (millions of tons per year) Tractors (millions per year) A 0 30 B 4 28 C 8 24 D 12 20 E 16 14 F 20 8 G 24 0 a. Is it possible for this nation to produce thirty million tons of food per year? Why or why not. b. Is it possible for this nation to produce thirty million
How would your policy proposals influence the market for parking?
Consider a model economy with a production function Y = K0.2(EL)0.8, where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is defined as
I have a problem in economics on Expanding consumption of a good. Please help me in the following question. Your consumption of a good tends to expand if it’s: (i) Relative marginal utility surpasses its relative price. (ii) Total utility is les
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
18,76,764
1953933 Asked
3,689
Active Tutors
1440102
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!