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determine the term- gdp per capitagdp being a flow isnt a measure of the total wealth of a country though a measure of the income of country during a
state the term- - gdp is a flow lastly note that gdp is a flow variable and not a stock variable by a flow variable we mean a variable which is
what is purchasing power one problem in using exchange rate when comparing gdp per capita between countries is that is fluctuates quite a lot a way
determine about the gross domestic product growthby nominal gdp-growth we mean change in nominal gdp over a particular period of time real gdp
explain about the nominal gross domestic productit isnt very common to use cpi in construction of real gdp the reason is that cpi measures the price
what is real gdp to be able to make reasonable comparisons of gdp over time we must adjust for inflation for instance if prices are doubled over 1
process to calculate gross domestic productwe just include finished goods and services - which is anything that is sold directly to consumer electric
gross domestic productdefinitionperhaps the most significant concept in macroeconomics is gross domestic product gdpgross domestic product gdp is
critically analyse the ways at which the govement of zimbabwe has put in place to address unequal employment opportunitiesbetween men
illustrate about the effective exchange rateassume that we are interested in external competitiveness of a country say japan to do this we could look
what are the changes in the exchange rateassume that united states is our home country and that current euro exchange rate in direct notation is sd
explain the exchange rate system in western worldthe most common exchange rate system in western world during previous century was the fixed exchange
describe in detail about exchange rate systemsvarious countries have different exchange rate systems the most significant characteristic of an
describe how exchange rate is expressed in some nationin some nations exchange rate is expressed using home currency as base currency in uk for
give detail explanation of exchange ratein most countries exchange rate is expressed using foreign currency as base currency for instance in denmark
definition of exchange ratethe exchange rate is stated as the price of one unit of currency in terms of other currency if one euro costs 15 usd then
give detail explanation about the inflation price index is computed at a particular point in time inflation over a time period mainly one year
define the term- inflationinflation between two points in time is defined as the percentage increase of price index between these two points in
determine the problems evolved with consumer price indexto illustrate problems involved in calculating cpi we consider mp3 players if you measure
what is consumer price indexcpi is a price index of a specific basket known as the cpi-basket cpi-basket contains essentially all the service and
give example to calculate the price levelimagine that we have created a particular basket of services and goods we calculate price level at four
describe how price level evolves over timeusing the time series we can study how price level evolves over time if all prices rose by 2 during one
state the price level and timewe are rarely interested in the value of price level at a specific point in time what we are interested in is
how price level rises differ from price risesin macroeconomics its common to use term prices or price as short for price level expression prices rise