Which of the following can be used to measure the Gross N...
Which of the following can be used to measure the Gross National product in an open economy?
C+I+G+(X+M)
C+I+G+X
C+I+G
C+I+G+(X-M)
Correct answer is D
The formula to calculate the components of GNP is Y = C + I + G + X + Z. That stands for
GNP = Consumption + Investment + Government + X (net exports, or imports - exports) - Z (net income earned by domestic residents from overseas investments - net income earned by foreign residents from domestic investments.)
The following will occur when maximum price is fixed below the free market price EXCEPT that ...
One disadvantage of sole proprietorship is its ...
Quantity (kg) Fixed cost ($) Variable cost ($) Total cost ($) Marginal c...
An increase in demand without a corresponding change in supply will lead to ...
The shape of the average cost (AC) shows that as production increases ...
The condition for equilibrium price and quantity under perfect competition is ...
In the table, the marginal cost when output is two, units is ...