OECD's Better Life Index what stands out the most

Q: When GDP increase ?

A: GDP (Gross Domestic Product): It refers to the total market value of all produced final goods and…

Q: Discuss life expectancy  and the different factors that contribute .  How is the United States…

A: Definition: Life expectancy is a  proportion of the average time an individual is relied on expected…

Q: Role pf households in goods market and labour market

A: The circular flow model represents societal money flow. Money moves from producers to employees as…

Q: What is a knowledge worker

A: The main capital of knowledge worker is knowledge.

Q: what about 2020?

A: Inflation refers to the rise in the price level of basket of goods and services in the economy in a…

Q: For the states Texas and North carolina Compare the average income and cost of living factors in…

A: Average­ Income: 'Average income' is a term that tells us the usual e­arning of people or families…

Q: important role of science and technology in economy

A: The fields of science and technology are extremely important to the functioning of the economy. They…

Q: Draw a graph of a business cycle. Label and explain each phase of the business cycle.

A: These four stages of business cycle are expansion, peak, contraction, and trough.

Q: Identify the major ways of measuring economic activity.

A: Economic activity is measured through the Gross Domestic Product (GDP), Gross National Product (GNP)…

Q: What comprises middle-income economies

A: For operational and analytical purposes, world bank classifies the economies in three groups: low…

Q: What is the primary sector of a economy. How it's contribute to the economy?

A: The economic sector that is concerned in obtaining and producing natural resources from the…

Q: What type of economy does China has

A: An economy is a place where products and services are produced, distributed, traded, and consumed.…

Q: What are the factors that can influence a country’s standard of living?

A: Standard of living indicates the degree of wealth or availability of material goods and services to…

Q: What are 3 economic indicators that are important to evaluate the economic situation of a country

A: Unemployment is the situation in which an individual is seeking a job and unable to find one.

Q: Use the table to answer the questions. Round your answers to the nearest cent. Country Gross…

A: GDP per capita can be calculated as:

Q: A discussion for National Income Determination.

A: As per Keynesian view, national income basically comprises of two determinants: Aggregate demand…

Q: What is likely to happen to income inequality in a developing country as it undergoes rapid…

A: The issue is to survey the effect of quick industrialization on pay imbalance in an emerging nation.…

Q: Why is GDP per capita is not the same as Economic well-being?

A: "GDP is the market value of all the final goods and services produced in an economy at a given…

Q: How is productivity tied to standard of living?

A: Productivity is increased by the education , training or leaning by doond or learning by watching .…

Q: hy my country is poor?

A: Poverty is a situation or situation where an individual or community lacks financial resources and…

Q: Write an essay discussing the reasons for studying national income

A: National income is a crucial economic indicator that computes the total value of products and…

Q: What are GNP and GPI? How do the two differ?

A: Gross domestic product can be defined as the total value of all the finished goods and services…

Q: What is Diversification and why is it important? Write answer in four or more paragraphs

A: Investments are spread among a variety of financial instruments, sectors, and other categories as…

Q: Why is the GDP important?

A: Gross domestic product refers to the total monetary value of goods and services produced in a…

Q: How does demographic change affect the economy?

A: Answer - Affect of the demographic change on the economy :- 1. Labor force :- The younger…

Q: how does an increase in population effect a countries GNI?

A: GDP stands for the finished products and services generated in an economy during a specific time…

Q: Write an essay discussing what national income is

A: National income is a fundamental economic idea that serves as a key indicator of a country's…

Q: How do you feel that business cycles and the health of the economy affect the value of your labor?

A: ANS Business cycles comprise of two phases namely a phase of expansion and a phase of contraction.…