Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
difficulties in measuring the national income there are some conceptual and statistical problems in measuring national product some items are
money and credit in any modern economy the quantity of money aggregate volume of credit and its sectoral composition are important variables
macroeconomicswe have explained several concepts and macroeconomic aggregates which form the basic terminology of macroeconomic analysis like other
business cycles economic growth is not a continuous process superimposed on the long-term trends are short-term fluctuations in the levels of
money supply and monetary policy all modern societies use money as the medium of exchange since money can be exchanged for goods and services
rate of growth every country desires economic growth a countrys economic performance is often judged on the basis of - among other things -
components of balance of payments the bop statement is usually divided into three major groups of accounts these areithe current account this
balance of payments all countries have economic transactions with other countries these consist of import and export of goods and services
employment full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic
wholesale prices consumer prices and inflation from the man on the street to the highest policy makers the behavior of prices is of intimate
industrial production and agricultural production industrial production and agricultural production are aggregate measures of sectoral outputs
gross domestic capital formation production requires services of fixed assets such as machinery equipment and structures as well as working
gross domestic savings income not devoted to current consumption is saved in an economy during a particular year some units will consume less
aggregate consumption this is the aggregate of all expenditures on current consumption goods and services ie those which are consumed during
national product and domestic product a modern economy produces literally thousands of different goods and services some of these goods and
statics and dynamics economic models deal with stock and flow variables these variables can be in one of the two states - equilibrium or
stocks and flows when studying economics one must be sure whether the variable being studied is a stock variable or a flow variable failure to
the goals of macroeconomic policy economic analysis attempts to explain why problems arise in the economy and how these problems can be dealt
the primary functions of economists are to teach contribute research and empirical findings and formulate policies most of the professional
economic analysis and typical managerial decisionsdespite the differences between microeconomic analysis and macroeconomic analysis there is
interdependence of macroeconomics and microeconomicsin microeconomics the underlying assumption is that the total output total employment and
positive and normative economicseconomics as a social science adopts an analytical approach to the study of changes in economic variables on the
classify each of the following as employed unemployed or not in the labor force abeth is not working she applied for a job at wal-mart
what are the effects of interest rate in the economy of south africa in unemployment economic groth employment and economic