What do you call the Circular flow of goods and income of households and firms with the government and foreign countries.

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A: Production means conversion of raw material into finished goods. It means the final goods are produc...

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A:

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Q: he outcome is a Nash-Coumot equilibrium, why di rose less than the firma' costs in this oligopoly be...

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Q: can some one help me with this question? The monopoly cost function is given TC = 500 + 12 ×...

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Q: PW on total investment. AE on total investment. a. b. C. FW on total investment.

A: Given: MARR=25% Number of years=10

Q: 11.3. Consider a set of monetary prizes X {0, 12, 24} and three lotteries: %3D 5 1 1 12'4'3 1 3 1 1 ...

A:

Q: Free markets coordinate economic activity in such a way a unemployment. O True O False

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A: The indifference point is the level of volume at which total costs, and hence profits, are the same ...

Q: What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of...

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

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Q: Suppose a call option with an exercise price of $100 for 1y / 3% coupon Australian government bonds ...

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Q: 1. The analysis of economic forces that justify the existence of trade and its degree between two na...

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Q: 1.1 Economics concerns itself with: 1. A systematic understanding of patterns of production, consump...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

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A: "Correct option is D."

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Q: Which of the following events will cause the interest rate to increase? an open market sale of bonds...

A: Answer:- (C) all of these

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A: The process of combining multiple material and immaterial inputs (plans, know-how) to generate a con...

Q: Which of the following is an INCORRECT statement regarding economic models? An economic model is use...

A: Economic Model : An Economic Model can be defined as the theoretical model of the real life situatio...

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Q: Give five examples of goods and services that people consume on a daily basis as a result of globali...

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Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.