market prices and national income at factor cost is A. $220 billion. B. $260 billion. C. $300 billion. D. $340 billion. (91 -12) 1 2008-AL-ECON-II Past Questions on Macroeconomics Prepared by A.Chow 4. Below are the national income statistics of an economy in a certain year: $ million Wages 60 Rent 50 Depreciation 30 Interest 25 Expenditure taxes 20 Dividend 15 Subsidies 11 Retained profits 10 Profits tax 8 The amount of national income at factor cost is A. $159 million. B. $160
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the current value of the Canadian dollar‚ unemployment rates‚ debt-to-GDP ratio and economic growth. By going over these concepts we can establish a firm basis of how the economy is doing overall in Canada today. Monetary policy is an important factor when dealing with inflation targeting and interest rates. The central bank of Canada controls
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religion 3. language 4. agriculture (irrigation‚ domestication of plants‚ etc) 5. specialized skills (pottery‚ clothing‚ etc) 6. trade (to acquire what you do not have and cannot make‚ but need) 7. economic system (bartering or currency‚ etc). Factors that give rise to civilization: A. Geographical location 1. All four of the major centers of early civilization (were China‚ India‚ Mesopotamia‚ and Mesoamerica) arose along major river valleys in arid regions‚ thus having important irrigation networks
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Macro Unit 2 Lesson 1: What is the difference between macro and micro? Federal Debt graph: http://research.stlouisfed.org/fred2/series/GFDEBTN In the circular flow the seller receives exactly the same amount that the buyer buys (exclude tax) In the circular flow diagram‚ how do we account for profits? What happens if there is a disruption in the circular flow diagram? Individuals are concerned with income distribution. (wages) 1 Households C as spenders must consider the following:
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4) a)What Is an IP Address and what is it is also known as? -A number that uniquely identifies each computer or device connected to the Internet. b) What are the four categories of output? -Output is data that has been processed into a useful form called information. Four types of output are text‚ graphics‚ audio‚ and video. Text consists of characters (letters‚ numbers‚ punctuation marks‚ or any other symbol requiring one byte of computer storage space) that are used to create words‚ sentences
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Discuss the most effective policy approach during a time of recession‚ and where a country has a fiscal deficit (30 marks) A recession is when an economy experiences two consecutive quarters of negative economic growth measured by real GDP. A fiscal deficit is when government spending is greater than what is received through tax receipts. One policy to reduce the fiscal deficit and attempt to effectively deal with the recession would be to lower taxes such as VAT‚ this is an example of an expansionary
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Brooke Foster Macroeconomics PG 71 & 72: Review question #5 & #8‚ problems #1‚3‚ &7 Review #5. Suppose that in the market for computer memory chips‚ the equilibrium price is $50 per chip. If the current price is $55 per chip‚ then there will be (B.) a surplus of memory chips. Review #8. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the main effects. Demonstrate answer graphically
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increase of fuel prices‚ it had managed to come up with cars that are fuel efficient. Therefore‚ it targets those who are concern with fuel consumption of the car. In order to reach out to its customers‚ it has to cope with the business environmental factors that consist of actors and forces outside marketing that affect its ability to develop and maintain successful relationship with its target customers. Business environment however is divided into two types. They are microenvironment and macroenvironment
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Macro Leadership: A new Leadership Must Professor Pierre Casse‚ Moscow School of Management-Skolkovo Professor Melita Rant‚ IEDC Bled School of Business A word of caution! This article is born not only from the meeting of two minds but also out of the frustration experienced by the two writers (academics) during and after the major crisis that started in 2009.Disappointed and shocked by the leadership of the top Decision Makers of the world as well as by their behaviours‚ both writers decided
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