ECONOMICS-2023 Write any three characteristics of capitalistic economy and mixed economy. What do you mean by macro-economics ? write its characteristics. Distinguish between micro economics and macro economics. (Any three) What is opportunity cost ? Explain with example. What do you mean by production possibility (PPC )? Differentiate between economic activities and non economic activities. […]
Calculate the rate of inflation for 2007 and 2008 using the GDP deflator as your price index. Assume that 2006 is still the base year.
Macro Economics Assignment 2 Questions: Chapter 10 & 11 (10 Marks) National income accounting deals with the aggregate measure of the outcome of economic activities. The most common measure of the aggregate production in an economy is Gross Domestic Product (GDP). The table below provides Country’s national income accounting. Use this data to answer the […]
Calculate the GDP by using the Expenditure Approach Method. Calculate the GDP by using the Factor Payment Approach or the Income Approach Method.
Assignment 2 Questions: Chapter 10 & 11 (10 Marks) National income accounting deals with the aggregate measure of the outcome of economic activities. The most common measure of the aggregate production in an economy is Gross Domestic Product (GDP). The table below provides Country’s national income accounting. Use this data to answer the following questions. […]