Question 1 – 10 marks The table lists some macroeconomic data for a country in 2012. Item | Billions of dollars | Wages paid to labour | 850 | Consumption expenditure | 1‚100 | Profit‚ interest and rents | 340 | Investment | 170 | Government expenditure | 310 | Net exports | −54 | (a) Calculate the country’s GDP in 2012. (1 mark) (b) Explain the approach (expenditure or income) that you used to calculate GDP. (1 mark) An economy produces
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Ocean Current and Global Weather The ocean is the largest habitat for life on earth‚ and is vital to the land habitats as well. The ocean regulates the earth’s weather patterns. The main force influencing global climate is the solar energy of the fun. Because the earth is a sphere its surface is not heated equally by incoming solar energy. The equatorial areas receive more sunlight while the poles receive less because sunlight strikes at an oblique angle so much of the sunlight are reflected away
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services.(From Wikipedia‚ the free encyclopedia). Macroeconomics is a branch of economics dealing with the performance‚ structure‚ behavior‚ and
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the majority of World Banks’s high income countries. It is also located in many lowincome to upper-middle-income countries. (2015) Evaluation and selection of new location To select the location‚ a short list was generated. A quick and general macroeconomic analysis of all possible candidates was done to
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Outline and evaluate explanations of eating disorders based on the biological model of psychological abnormality [18] Explanations tend to fall into four categories: • Evolutionary • Genetic • Neuroanatomy • Biochemical Evolutionary explanations of behaviour are based on Darwin’s theories of natural and sexual selection. These theories have been applied to eating disorders. It is suggested that the ability to control ones appetite and ignore hunger when food supplies
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Point First‚ one of the principles of economics is people face trade-offs ( Mankiw 1-1a). Society must have a proportionate exchange in the way economic conditions are ran. Economically‚ a society must run efficiently‚ but most importantly‚ it must run equally ( Mankiw1-1a). In the text "Brief Principles of Macroeconomics‚" author Gregory Mankiw acknowledged to us that‚ "equality means that those benefits are distributed
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amendments are given out. A process takes place within which a group of conditions‚ agencies and mechanisms and groups take place to help with the law reform. Conditions is the number one step throughout law reform as conditions are continuously evolving due to societies values and their beliefs. Values and beliefs is one of the most staple reason why law reform makes place as a community/society does not agree with the current conditions and legislations regarding their values and beliefs. Revenge porn
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expenditures. What will be the level of aggregate demand if Y = 0? What does this level of demand represent? Furthermore‚ given you equation‚ what will happen to the level of aggregate demand (Z) as Y increases by $1? What does this number represent? c. Based on your answer in part (b)‚ calculate the level of demand (Z) for the following levels of income: Y = 1600‚ Y = 1800‚ Y = 2200‚ and Y = 2400. Now compare the level
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Economic condition of Pakistan For the past few years Pakistan has been following the technique of assessment of domestic oil value against the international oil value on a fortnight basis. About 85% of the oil required for domestic uses in Pakistan is imported. Back in the year 2004 various subsidies were given by the government on the oil price as an attempt to protect the citizens from the prospective record fuel costs. It was also an attempt to curb the rate of inflation prevalent in the country
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The human condition‚ the ongoing balance between good and evil inside people and their environment. This balance and struggle between the three areas affect personal‚ emotional‚ spiritual and mental growth. Similarly‚ humans illustrate a balance between aggression‚ selfishness‚ and lust mixed with compassion‚ love‚ trust‚ and hope. Humans allow for this equilibrium of an imperfect balance between good and evil. Similarly‚ No one’s inherently good nor inherently evil‚ instead attitude‚ purpose‚ and
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