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What are the categories of total expenditure 1) What are the categories of total expenditure ? 2) How do firms and households interact within the context of the circular flow model? 3) What kind of information is conveyed in a time-series graph? Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

A trend is a general tendency for a variable to increase or decrease over time True or false: 1) Phases and turning points of the business cycle are expansion, peak, recession and trough. 2) The business cycle progresses from an expansion to a peak to a recession and then to a trough. 3) A recession occurs when real GDP decreases for at least 6 months. 4) An expansion ends when the economy hits a trough and then enters a recession. 5) ...

Other / Other 26 May 2016

What must be done to net domestic product at factor cost in order to transform it to gross domestic product 1) What must be done to net domestic product at factor cost in order to transform it to gross domestic product ? Explain why these adjustments are necessary. 2) Several adjustments must be made to net domestic product at factor cost in order to calculate GDP. One of these adjustments is adding depreciation. What is depreciation an ...

Other / Other 26 May 2016

Which of the following would lead GDP to overstate economic welfare 1) Which of the following is NOT included in real GDP? A) production of services, such as the services of hair dressers B) production of goods that last less than a year, such as production of hot dogs C) production that takes place in the underground economy D) production of goods that last more than a year, such as a pair of roller blades 2) The underground economy ...

Other / Other 26 May 2016

According to the article, the best description of Canadas position in the business cycle is As the credit crisis unfolded over the past year, one of the few certainties in the global economy seemed to be China ability to plough on regardless of double-digit growth rates...The ...crisis has also focused ...on the need to update a growth model that...is still dependent on assembling goods for export without adding much value and on heavy ...

Other / Other 26 May 2016

Discuss the relationship between gross investment and net investment 1) Define gross investment and net investment. Discuss the relationship between gross investment and net investment. 2) ʺWhen a companyʹs depreciation is larger than its gross investment, net investment becomes negative and the firmʹs capital stock decreases.ʺ Is the previous statement correct or incorrect? Explain your answer. Economics Assignment H ...

Other / Other 26 May 2016

List and explain the two phases and two turning points of the business cycle 1) List and explain the two phases and two turning points of the business cycle. 2) What is a recession? 3) Explain the business cycle by describing the phases and turning points. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help ...

Other / Other 26 May 2016

Which of the following could explain this ranking 1) The following data are estimates describing Irelandʹs economy in 2006 and 2007 (in millions of euros, in constant prices): 2006 2007 Consumption 84,000 89,000 Government expenditure 24,000 26,000 Investment 48,000 48,000 Exports 142,000 151,000 Imports 123,000 128,000 Subsidies 1,800 1,900 Taxes 500 500 In 2007, Irelandʹs net exports was ________ million euros. A) 23,00 ...

Other / Other 26 May 2016

What term is used to describe the lowest point of a business cycle 1) The low point of economic activity during a business cycle is called the A) trough. B) recession. C) peak. D) failure. 2) What term is used to describe the lowest point of a business cycle ? A) peak B) trough C) expansion D) recession 3) A trough is the A) lower turning point of a business cycle when an expansion begins. B) lower turning point of a busin ...

Other / Other 26 May 2016

Explain how underground economic activity affects measurement of GDP 1) While studying with your friend, your friend states, ʺOur leisure time increases GDP but lowers our economic welfare because it reduces the amount of goods and services we can consume.ʺ Is your friendʹs statement correct? 2) Explain how underground economic activity affects measurement of GDP. Economics Assignment Help, Economics Homework help, Econo ...

Other / Other 26 May 2016