What are the 2 definitions of economics growth
What are the 2 definitions of economics growth?
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Economics growth has two definitions which are given below:-
1. The increase in real GDP, that occurs over a phase of time.
2. The increase in real GDP per capita, that occurs over a time. This definition is superior if association of living standards is required. For eg: China’s GDP is $744 billion which is compared to Denmark’s $155 billion, but per capita GDP’s are $620 and $29,890 respectively.
I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Describe Low financial leverage and low Describe briefly Low financial leverage, low operating leverage?
Describe briefly Low financial leverage, low operating leverage?
Just need help to see if I am in the right direction if there any think wrong need help with it.
In output markets, the simple circular flow model, households replace their _________ for _________. Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | g
Explain the statement: “The other things equal assumption helps isolate key economic relationships.”?
Explain Unemployment, Growth, and the Future?
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Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Question: (a) Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
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