Economics Answers

What is the nature of the UK regional problem and why do the policies used to address it seem to have failed?

Explain why a Honda assembled in Ohio is included in US GDP but a General Motors car assembled in China is not.

Derive the conditions for steady state in Solow model in an economy. What is the significance of decreasing returns in the Solow model ?

To what extent are the employees in a team/ section/ division responsible for:

Data collection to support the budget?
Developing realistic and attainable budgets for the section/ division?
Monitoring expenditure?
Using the budget to measure actual work against projected work achievements?

draw a properly labelled demand and supply curve showing the market for DSTV in south africa . on this diagram , show and explain the effect of improved technology in the production of decorders. ( necessary for viewing DSTV)

My textbook says that
NI(National Income)= GNP-(Net income received from rest of the world)-(Depreciation)-
(Statistical Discrepancy)-(Indirect Business Taxes)-(Business Transfer Payments)
I do not understand why (Net income received from the rest of the world) is subtracted from GNP as the definition of GNP already subtracts this amount. Shouldn't NI=GNP-(Depreciation)-(Statistical Discrepancy)-(Other adjustments)?

How does ending nationally negotiated wage rates encourage industrial expansion in regions of high unemployment?

Sita expect her future earning to bw woeth es 100 if she falls ill her expect earning will be ra 25 .there ia bwlowf that aheay fall ill wit probabilty og 2/3 while the remIning in good health is 1/3 let her utility functio given by u(y) = y1/3 .supooae that insurance company offers to fully ensure sit against loss of earning cauaed by illness aganist actuarally fair premium (a) will sita L accept insurance explain (b) what ia max amt .that sita would pay fr insurance

How does increase in minimum wage affect the equity-efficiency curve?

If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assume a defense budget of $700 billion.)
Instructions: Enter your response rounded to one decimal place.