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Suppose that the firm that printed your Macroeconomics textbook bought the paper from XYZ paper mills. Was the purchase of the paper part of the GDP. If not, then how the value of paper was counted in the GDP.
What is effort that a person devotes to a task in order to get paid?
Table 4.6 shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions of dollars, at various interest rates. What is the equilibrium interest rate and quantity in the capital financial market? How can you tell? Now, imagine that because of a shift in the perceptions of foreign investors, the supply curve shifts so that there will be $10 million less supplied at every interest rate. Calculate the new equilibrium interest rate and quantity, and explain why the direction of the interest rate shift makes intuitive sense.
5% 170 6% 150 7% 140 8% 135 9% 125 10% 110
Table 4.6
Are these studies correctly identified?

Cost Benefit Analysis



Cost Effectiveness Analysis


Cost Utility Analysis


National Income is the total value of all services and goods that are produced within a country and the income that comes from abroad for a particular period, normally one year.

Gross Domestic Product is defined as the value of the goods and services generated within a country.

By definitions, National income= Income from within the country and from abroad. GDP=Income within the country.

Here my doubt is I have seen in some textbooks why national income is referred as GDP and vice versa in measuring of national income?
Suppose a country’s output is below / above the policy-maker’s desired level of output and is experiencing a trade deficit / surplus. Assume the policy-maker’s goals are to achieve the desired level of output (i.e., full employment output) and balanced trade. Given this information, what type of exchange rate and / or fiscal policy can be used to achieve simultaneously these two goals? Explain taking a country’s data into consideration.
The following should be included in your discussion.
1. Identifying economic performance using GDP growth and trade balance.
2. Relevant policy advocates-discussion of fiscal and exchange rate policies.
3. A table with at least GDP, trade balance, budget deficit and nominal or real change rate. Your data cover period 1990 to 2018. Your discussion can be centered on recent years.
Assume pears are sold in a perfectly competitive market, using a supply and demand graph, describe the impact, ceteris paribus, of a bumper crop on equilibrium price and output? In your discussion make sure to explain the process of moving to the new equilibrium output and price.
Examine the following statement
“The constant real income demand curve must have a negative slope.”
Hey! I'm currently studying A Level Economics. We're researching inflation right now, and one thing has confused me!

What is the difference between CPI and RPI??

Are there also measures called CPIX and RPIX too?
If so, what are these?

The internet seems to conflict on answers to these questions and my textbook doesn't mention the CPIX/RPIX at all.

Thanks!! :)
Assume, in an industry where firms are making an economic profit, the creation of an internet platform has broken down all entry barriers and resulted in a huge increase in the number of firms entering the industry. What will be the implication on profit to the existing firms in this industry? Support with graphical demand and supply analysis.
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