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This is the correct formula for GDP in the expenditure approach, where GDP is the sum of consumption (C), investment (I), government spending (G), and net exports (exports - imports, denoted as X - M).
It is given that Qd = 300 - P, Qs = Q/2. Government imposes specific tax in such a way that it maximizes the total tax revenue. Then find out the DWL in...
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
A two-person zero-sum game means that the
What will be the Balance of Payment in the above table?
The economic development in Schumpeter’s development theory is because of
If factor cost is greater than Market price, then it means that:
Which of the following is correct?
In classical linear regression model if we add in 90 in X and Y observation and re-estimate the regression model then slope coefficient
If a government defaults on the value of its debt by 3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.
