The measurement of a flow is after every one year, which represents the total value of transactions during an accounting period and so is gross domestic product.
Q2) Various components will affect the gross domestic product. Examples…
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The government hiring more police officers will bring a new service in the industry, which will translate to increase in GDP. Finally, increase in monetary transfers to the poor by the government was never accounted in the previous year hence will affect the GDP.
Q9) Credits cards cannot be referred to as money. One can have a credit card but if the account has no cash, the holder cannot access cash. They cannot therefore be referred to as money hence the name plastic money. Checks on the other hand are also not money. Money can be used any time the holder wishes to do so. For checks, they can only be usable during maturity and after confirmation by the bank of their validity.
Q10) By the bank keeping five percent in reserves and lending out money, the bank creates money. Through the interest rates charged to the borrower, the bank creates money. Assuming interest charged on borrowers is twelve percent, the bank will gain as shown
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The concerned report explains the dynamics of the Demand and Supply theory of a product, the market structure in which the company exists and the elasticity of its products. The report has been divided into two major sections, analyzing the impacts produced on Micro and Macro economy of a company and its market.
Nash equilibrium is a term used to describe a position where strategies taken by the players are at optimal point, given the moves taken by other players in the game. In Nash equilibrium, no industry or individual is in preference of a different choice. This means that each player chooses the best strategy given the approaches taken by the other players in the market (Kelly, 2003).
which may take long owing to the immobility and imperfections of the market.
b) By shifting demand away from their own goods the resultant effect will be increased imports suggesting a weak currency in value as compared to the other country's currency. However the purchasing power parity (ppp) theory holds that over the long-term, the average value of exchange rate between two currencies depends on their relative purchasing power.
The author states that macroeconomics and microeconomics, a pair of terms coined by Ragnar Frisch, are the two most general fields in economics. In contrast to macroeconomics, microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions and the interactions among them in narrowly-defined markets.
The author continues to indicate that the crisis of the boys in the academic setting has led to the failure of the boys as opposed to the girls (Morris, 2012). This explains that the boys show very little interest in educational activities and
sectors of the economy of a given country (Paterson & Telyukov, 2014). Therefore loans or finance assistance of small amounts given to self-employed people, for instance loans to SWG (Self Welfare Group) is considered microfinance while higher level finances or loans of large
For instance, there is a relationship between high-income levels and good health whereby high incomes can lead to good health and at the same time good health can enable a person to work hard to increase
a) I have an absolute advantage in outlining over my friend and even in typing since I can produce 20 pages and six outlines in a day as compared to my friend who cans only 10 pages and 2 outlines in a day.
Following a fall in the
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