1. consumption 2. investment 3. govn’t purchase 4. current account balance Capital Depreciation and National Transfers GNP has to be equal to national income. In order for this to hold we need to make some adjustments. 1. GNP doesn’t take into account the economic loss due to the tendency of machinery and structures to wear out as they are used – depreciation. It tends to reduce the income of capital owners. GNP – depreciation = Net National Product 2. Unilateral transfers
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[75 Points] Econ 305 – Prof: Henry Terrell Due: May 9th‚ 2008 before 9:00 AM Name: ID: TA: Problem 1 [25 Points] Consider the following extended classical economy (in which the misperception theory holds): AD Y=600+20(M/P) SRAS Y=YFE +2(P - Pe) Okun’s Law (Y-YFE)/YFE=-2(u-unr) Full-employment
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Design Document Introductory Economics (CORE 001) Term I AY 2010 / 11 Instructor: Practice Associate Professor Tan Swee Liang‚ School of Economics To Teach for Learning Content 1. Course Description.……………………………………………………………. 3 2. Class Participation 2.2. Guideline for Class Participation …….…………….…………….…. 7 2.1 Self Evaluation on Class Participation ……………………………… 8 3. Group Term Project 3.1 Guideline for Term Project …………….…………………………
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Examples of IB Exam papers_P2s Yellow: Single party states Green: The Cold War “In order to achieve and retain power a leader of a single-party state needed to be ruthless‚ blind to human suffering and yet charismatic.” To what extent do you agree with this assertion? Account for the rise to power of one of the following: Castro; Mussolini; Nasser‚ Hitler‚ Stalin‚ Mao. How‚ and to what extent‚ did the conferences at Yalta and Potsdam (1945) contribute to the origin of the
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Note Book Chapter 1 Getting Started 1.1 DEFINITION AND QUESTIONS 1. Scarcity is the condition that arises because wants exceeds the ability of resources to satisfy them. 2. Scarcity is the condition that arises because wants exceed the ability of resources to satisfy them. Scarcity is not eliminated when people become rich‚ movie goers are able to see the next The Social Networ installment‚ or people gain employment because of the movie’s release. In all cases‚ people will have wants that
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of how human beings coordinate their wants and desires given the decision making mechanism‚ social customs and political realities of society. The three central coordination problems any economy must solve are: 1. What and How much to produce 2. How to produce it 3. For whom to produce it Economist find that individuals want more than is available‚ given how much their willing to work. That means that in our economy there is a problem of scarcity. Scarcity: The goods available are
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ECON 201 –001‚ Assignment #1 Principles of Economics Due Date: September 11‚ 2013 @ 11.30 a.m. Question 1: Principles of economics (5 point each for a total of 45 points) In each of the following situations identify and briefly explain which of the nine principles is at work: 1. You choose to shop at the local discount store rather than pay a higher price for the same merchandize at the local department store. 2. On your vacation trip your budget is limited to $35 per day. 3. The student
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PROJECT ON DESIGN OF COMPUTERISED ONLINE EXAMMINATION SYSTEM. By Ojeme MacDonald REG NO: APPROVAL PAGE This project has been read and approved by the under listed as meeting the requirement for the award of diploma in computer software engineering. In accordance with preparation of project in NIIT warri. Project Supervisor Head of Department Name: Mr. Ojei Emmanuel Name: Miss Nancy Okolo
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Write the quantity equation and explain it. Money x Velocity = Price x Transactions Money x Velocity = Price x Output This theory seeks to explain how money affects the economy‚ and is based on the fact that money is demanded as a medium of exchange. We can say that price level is a function of the quantity of money in circulation. The transaction version of the quantity theory states that the changes in money supply other things remaining the same‚ brings a directly proportionate change in the
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Solution to Mid-Term Exam ADM 4348M Winter 2011 SPECIAL TOPICS IN FINANCIAL ACCOUNTING March 1‚ 2011 DMS 4140 17:30-20:30 Professor : Sheldon Weatherstone Duration: 3 hours Instructions 1. Non-programmable calculators are permitted‚ but you cannot share calculators. 2. Books and notes are not permitted. 3. Please do not ask the professor or the invigilator to explain or interpret questions. State any assumptions you feel are necessary. 4. Write your
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