AGGREGATE DEMAND - the total spending on goods and services in a period of time at a given price level C + I + G + (X – M) C = Consumption o The total spending by consumers on domestic goods and services ▪ Durable goods: used by consumers over a period of time (i.e. cars‚ computers‚ mobile phones) ▪ Non – durable goods: used up immediately or over a short time span (i.e. rice‚ toilet paper‚ newspapers) o Causes of change in consumption ▪ Changes in income –
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TYPES OF GROUPS Categories‚ Aggregates‚ and Groups Social Category - people who share a social characteristic‚ such as a taxpayer‚ a woman‚ or a college student. Social Aggregate - people who happen to be at the same place at the same time‚ such as students waiting in line for concert tickets. ● A group is sometimes confused with a social category and a social aggregate. Although neither categories nor aggregates are groups‚ some of their members may form groups by interacting regularly
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Aggregates is a major part of concrete‚ it is of urgent need that we look into the influence of aggregate on the fresh as well as hardened properties of concrete. Better grading of aggregate not only will show better results in the properties of the concrete but will also help in saving expensive materials such as cement‚ fly ash and admixture. In the comparative study of influence of the aggregate on high strength concrete‚ here is an attempt to study strength characteristics of cubes and cylinders
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early years 1.1 Explain each of the areas of learning and development and how these are interdependent The EYFS sets the standards for children when they are aged 0-5. It sets out learning and development requirements‚ assessments and the safeguarding and welfare requirements. All schools‚ child minders‚ preschools and nurseries must follow the EYFS as it is a statutory document. There are two areas of learning that children will come across‚ these are prime and specific. Each of these areas are
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Income and Expenditure Approach Ways of Measuring GNP Gross National Product (GNP) is the sum of all the final market values of goods and servicesin a given economy at a given period of time. This is the quantitative summary of all transactions of goods and services transacted within the economy in a year. It measures only legal and registered transaction. Non produced transactions are not included such as second hand sale‚ transfer of payments and buy and sell. Gross domestic product (GDP) is
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Global Variables This writing assignment will focus on global variables. A global variable is a variable every module in a program can see‚ meaning that the entire program is its scope (Gaddis‚ 2010). There are both advantages and disadvantages to using global variables and it is my intention to explore some of them here‚ starting with the disadvantages. There seems to be a lot to be said about the disadvantages of using global variables. First and foremost the scope itself can be a disadvantage
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Aggregates for Concrete Aggregates are inert granular materials such as sand‚ gravel‚ or crushed stone that‚ along with water and cement‚ are an essential ingredient in concrete. Aggregates are the most mined materials in the world. For a good concrete mix‚ aggregates need to be clean‚ hard‚ strong particles free of absorbed chemicals or coatings of clay and other fine materials that could cause the deterioration of concrete. Aggregates‚ which account for 60 to 75 percent of the total volume
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Use of Dummy Variables in Testing for Equality Between Sets of Coefficients in Linear Regressions: A Generalization Author(s): Damodar Gujarati Source: The American Statistician‚ Vol. 24‚ No. 5 (Dec.‚ 1970)‚ pp. 18-22 Published by: American Statistical Association Stable URL: http://www.jstor.org/stable/2682446 . Accessed: 09/07/2013 18:34 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
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legislative‚ executive‚ and judicial branches of the government. Each branch has independent responsibilities and functions that are separate of the other branches. The legislative branch‚ which is headed by Congress‚ writes the law. The executive branch‚ headed by the President‚ carries out and enforces the law. And the judicial branch‚ headed by the Supreme Court interprets the law. 2. The system of checks and balances allows each branch of government to influence the activities of the other
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choose four of eight questions for answering. If you give the right responses‚ you will obtain 2.5 marks per one statement (i.e. this part is for 10 marks). 1. Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? 2. Briefly describe what is meant by enterprise risk management. 3. Describe what is meant by a “pull” production system. 4. Describe the schedule of cost goods manufactured. How does it tie into the income statement? 5. Why are product costs
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