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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Sunnah. Naturally‚ it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13‚ 1983‚ is the true reflection of this inner urge of its people‚ which started functioning with effect from March 30‚ 1983. This Bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest-free profit-loss sharing system
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AP Macroeconomics Summer Reading Chapter 1: The two basic assumptions that economists make about individuals and firms are that individuals act to make themselves as well off as possible by maximizing their own utility (which makes them better off in the long run)‚ and firms attempt to maximize profit by taking inputs and combining them in a way that adds value. Prices help measure how badly costumers want a product and how much labor
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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------------------------------------------------- CHAPTER 1 AN OVERVIEW OF FINANCIAL MANAGEMENT AND THE FINANCIAL ENVIRONMENT Please see the preface for information on the AACSB letter indicators (F‚ M‚ etc.) on the subject lines. True/False Easy: | (1.2) Firm organization F M | Answer: b | EASY | . | The form of organization for a business is not an important issue‚ as this decision has very little effect on the income and wealth
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McKinsey & Company Skip main navigation Client Service Insights & Publications About Us Alumni Careers Global Locations Register Log in McKinsey Global Institute Latest thinking Research People In the news Contact us Article| McKinsey Global Institute MBAs can’t afford to end their math education with calculus March 12‚ 2013 | byJames Manyika and Michael Chui From financial transactions to consumer purchases to political polling‚ a torrent of data now flows into every area
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eventual NBA champion Spurs‚ 4 games to 1. Atlanta Hawks (2005–2012)[edit] Johnson with the Nets In the summer of 2005‚ Johnson became a highly touted restricted free agent and expressed a desire to leave the Suns to assume a larger role on the Atlanta Hawks. Johnson grew upset with Phoenix’s initial offers to re-sign him feeling they were well below his market value. This rift eventually led to Johnson requesting the Suns not match Atlanta’s $70 million offer. On August 19‚ 2005
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MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition‚ macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank‚ the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However‚ most economists concur that‚ synergy exists between micro-and macro-economics variables and
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Investment bank Vs. Commercial banks Many factors directly and indirectly caused the ongoing 2007–2012 global financial crisis which started with the US subprime mortgage crisis. One of the main culprits that is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products‚ where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of
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June 2007 Test Under Simulated LSAT Conditions One important way to prepare for the LSAT is to simulate the day of the test by taking a practice test under actual time constraints. Taking a practice test under timed conditions helps you to estimate the amount of time you can afford to spend on each question in a section and to determine the question types on which you may need additional practice. Since the LSAT is a timed test‚ it is important to use your allotted time wisely. During the test‚ you may
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