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How successful was the new growth path in influencing economic growth and development in south Africa
Briefly explain the weakness of the RAS industrial development zone
the proportion of change in income on a citizen in the year 2019 and the year 2020 is 0.8. Assume that the income in 2019 is Ksh. 1,400,000 and in 2020 Ksh. 1,800,000. Calculate the steady rate of consumption the citizen could maintain for the rest of his or her life, given the present level of wealth and income now and in the future
(a) Using the numerical values above, draw a correctly labeled graph of the market for gadgets and show each of the following.
(i) The equilibrium price
(ii) The equilibrium quantity
(b) At a price of $8 per unit, will there be a surplus or a shortage in the market? Explain.
(c) Assume gadgets now become more popular. On your graph in part (a), show the effect of the increase in gadgets' popularity on the equilibrium price and quantity of gadgets.
(d) Assume instead there is an increase in the price of tin, a major input in producing gadgets. What will be the effect of an increase in the price of tin on the market for gadgets?
(e) If both changes in part (c) and part (d) occurred simultaneously, will the equilibrium quantity of gadgets increase, decrease, remain unchanged, or be indeterminate? Explain.
the proportion of change in income on a citizen in the year 2019 and the year 2020 is 0.8. Assume that the income in 2019 is Ksh. 1,400,000 and in 2020 Ksh. 1,800,000. Calculate the steady rate of consumption a citizen could maintain for the rest of his or her life, given the present level of wealth and income now and in the future
Halwings grain company produces 1.5m dollars’ worth of grain with no inputs from other companies. General flour uses 1.5m dollars work of grain from Halwings to produce 3.2m dollars’ worth of flour. Finally hot and fresh baking buys 3.2 dollars’ worth of flour from General flour and uses it to produce 4m dollars’ worth of bread which it sells to its customers. Calculate the value of national output using the value added approach.
the phrase of the business cycle at which almost all available resources in the economy are in use is referred to as
#340153 on Dec 2023