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list of major emerging-market economies to determine if the uk is to benefit from growth of emerging-market economies in the future it should start
illustrate the problem for uk economic performance this is a foremost problem for uk economic performance and helps elucidate the persistent deficit
what is the meaning of deindustrialisationdeindustrialisation or structural decline of many manufacturing industries along with activities like coal
determine the rate of economic growth in ukwith regard to economic growth a good starting point for evaluation and analysis is the fact that rate of
what is the emerging market economyaccording to investopedia antoine w van agtmael of international finance corporation of the world bank first
illustrate the uk macroeconomic performance uk macroeconomic performance must be judged on economys long-term ability to produce growth create jobs
what is the law of comparative advantagethe law of comparative advantage though suggests that it would be unwise of uk economy to try to replicate
what are the comparative benefitthe idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative
what is gross national income per capitathe absolute difference in gross national income per capita is 29828 ppp that means uk income per capita is
macroeconomic policy macroeconomic policy trade-offs are likely along the short-run phillips curve however are not maintainable in the long run in
define the fisher equationfisher equation ismoney supply stock of money x velocity of circulation of money price level x total transactions in the
what is cost-push inflationcost-push inflation takes place when costs of production increase causing short-run aggregate supply curve to shift to
differentiate between actual and potential output actual output is that level which economy in fact produces in contrast potential output is the
what is the difference between quantity supplied and supply there is a distinction among supply and quantity supplied supply explains the behavior
why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape the curve is bowed-out because some
define the consumer prices indexevery month the office for national statistics ons collects information on about 120000 prices for a shopping basket
steps to real wage rates to fallwage stickiness or wage inflexibility may stop the real wage rate falling to the full-employment wage rate stickiness
what is money wage rate while the money wage rate or nominal wage rate is the hourly wage rate calculated in money that a worker receives for
consumer prices index two economic indices learnt at as are the consumer prices index cpi and the retail prices index rpi both are used to calculate
state the term national income statisticsnational income statistics underestimate the true level of economic activity and as peoples living standards
determine the gross domestic product gross domestic product is the total value of an economys domestic output of goods and services gross national
how growth are improved living standardsthe two main benefits of growth are improved living standards and technological advancement as an economy
what are the two main costs of economic growth the two main costs of economic growth are resource depletion and environmental damage economic
define demand-side growth first demand-side growth is caused by a change in one of the components of aggregate demand if any of the components
what is gross domestic producteconomic growth is most commonly calculated in terms of the annual percentage rate of change in real gross domestic