How will you identify the factors affecting long-term level and growth of national income?

Q: What is the difference between economic growth and economic development. B) With the aid of a…

A: DIFFERENCE BETWEEN ECONOMIC GROWTH & ECONOMIC DEVELOPMENT  PARTICULAR  ECONOMIC GROWTH…

Q: Describe briefly how GDP returns to its potential level.

A: GDP is at potential level in the long run ie at the intersection of aggregate demand, aggregate…

Q: The link between gross domestic product (GDP) and national income (NI) is Select one from the…

A: National Income is the Net National Product at factor cost, that is, NNPFC. To reach at NNPFC from…

Q: GDP

A: GDP is also defined as Gross Domestic Product. GDP is the measure of value of all the final goods…

Q: What is investment? How is it related to national saving?

A: Investment refers to an action of purchasing assets or goods that are not consumed in the present…

Q: What is real national income?

A: National Income: It is the total market value of all the final goods and services produced in the…

Q: Briefly discuss five reasons why a rise in real Gross Domestic Product within a country over time…

A: The measure that depicts the final goods and services that are being produced in an economy during a…

Q: How national income can be measured in economics? Explain briefly:

A:

Q: What do you call the Circular flow of goods and income of households and firms with the government…

A: The Circular Flow of goods and income of households and firms with the government and foreign…

Q: how do you solve national  saving

A: National Savings = Private Savings + Public Savings Private savings is that of the individual while…

Q: This refers to the current income earned from all sources of private sector consisting of private…

A: Income refers to the money that an individual or a business receives, usually in exchange for…

Q: Find national Savings given that :- National domestic income = $3100 million National consumption…

A: The data presented in the question above is:- National domestic income = $3100 million National…

Q: what have we learned from the recent changes in GDP so far this year in 2022?

A: Introduction According to the World Bank's newest Global Economic Prospects report, the global…

Q: If personal taxes are $400 billion and disposable income is $4,000 billion, then what does personal…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: If personal taxes are 400 billion and disposable income is 4,000 billion, then what does personal…

A: Meaning of Disposable Income: The term disposable income also refers to net income or disposable…

Q: What is the largest measure of national income?

A: National income refers to the total value of all the goods and services produced and sold within the…

Q: What is % of all the Investment in total GDP

A: GDP is measured using the formula = consumption + Investment+ Government expenditure - (Net Exports)…

Q: what are the different concepts of national income

A: There are various concepts of National Income GDP GNP NNP NI PI DI and PCI

Q: Suppose  GDP = $9.0 trillion C= $5.0 trillion  G= $2.0 trillion  T-G  = $300 billion  With the…

A: Y = C + I + G + NX Where, Y = GDP, C = Consumption, G = Government Purchases, NX = Net Exports ie…

Q: Describe the four measures taken for investment?

A: Investment refers to the addition or acquisition of assets with the goal of making income or profit.

Q: Given the following on a closed economy. C = 40 + 0.8Yd C= consumption I = 55 – 200r I= Investment G…

A: In this given closed economy the aggregate expenditure (Ye) is equal to the sum of consumption (C),…

Q: Using a well labelled diagram, discuss circular flow of income in a two sector economy

A: Circular flow of income in a two sector economy is explained with the help of the given diagram.

Q: Nondurable goods spending = $400 million, durable goods spending = $300 million, new residential…

A: Given: Non-durable goods spending = $400 million, Durable goods spending = $300 million, New…

Q: When less output is consumed than produced during a given income period the national…

A: According to the given question In simple words we can say that initially the national wealth is…

Q: Evaluate any five conditions where GDP fails in measuring the economic welfare of the people.…

A: In economics, the final demand domestically can be described as the total demand for final services…

Q: It is expected that in the next twenty years the gross domestic product of China will become larger…

A: While comparing the GDP in both countries, China becomes larger than the United States. This means…

Q: what is the difference between Gross Domestic Product and Gross National Product? Would the…

A: Gross Domestic Product and Gross National Product are two important tools that are used to measures…

Q: Explain the difficulties in the measurement of the national income?

A: According to the given question While measuring the national income of a country there exists two…

Q: "An economy produces final goods and services with a market value of $5,000 billion in a given year,…

A: GDP is the final value of goods and services produced in an economy in one year. Market value of…

Q: Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million,…

A: Private saving is the total amount of savings done by the private institutes and household sectors ,…

Q: Why do you think that GDP does not grow at a steady rate, but rather speeds up and slows down?

A: Gross domestic product (GDP) is the standard measure for creation of value being added in a country…

Q: TRUE/FALSE In an open economy domestic income is always equal to the national income.

A: According to the given question An open economy is an economy which duly interacts freely with the…

Q: Which of these can measure national income?

A: The national income(NI) of a country shows the economic and production performance of a nation.…

Q: Full form of GDP?

A: Macroeconomics analyzes the economy as a whole. It discusses the aspects of the economy in an…

Q: Explain some of the weaknesses involved in using GDP as a measure of national well-being, especially…

A: GDP refers to the final value of goods and services produced in an economy during a year. The main…

Q: Explain the three approaches to national income?

A: According to the given question National income is also known as a national product which is a…

Q: Which of the following national income accounting identities are true for a closed economy in the…

A: Macroeconomics analyzes the economy as a whole. National income is the total monetary value of all…

Q: During recessions investment   falls by a larger percentage than GDP. falls by about the same…

A: Any economy while moving towards the growth, registered four varied kinds of stages, namely peak,…

Q: Write briefly on Advantages and Disadvantages about the Overview of Oman’s GDP in the year 2019…

A: GDP is one of the most widely used measures of an economy’s output or production. It is an accurate…

Q: Estimate and briefly explain the growth in the US and EU Economies for the 3-5 year term in nominal…

A: Economic growth: It refers to the activities that help in the production of more goods and services…

Q: Explain any four precautions that should be taken while estimating national income by the production…

A: According to the given question The production method of national income usually denotes that the…

Q: What are the five components of national income?

A: The value of products and services generated by a country over the course of a fiscal year is…

Q: Why is it desirable for a country to have a large GDP? Give an example of something that whould…

A: It is desirable for a country to have a large GDP because GDP or gross domestic product is a popular…