Why is it difficult to change the real capital
Why is capital formation important to the South African economy
Suppose the price of good x rises by 13% leading to a 11% increase in the demand for good y. Calculate the cross elasticity of demand between goods x and y and determine whether they are substitutes or complements.
Positive externalities create ________ spillover ___________. The result is that the __________ benefit of production/consumption is greater than the __________ benefit. External benefits might be in the form of lower __________ for other parties or __________ revenues/profits for other parties.
Consider a government spending program you have read about in the news or research one online. In a well-composed post, explain the opportunity cost of that government decision. What was the next best alternative in your opinion? Describe how “scarcity” factors into the decision process. (Remember that all things are scarce.)
Calculate the GDP using EXPENDITURE APPROACH with the following hypothetical data:
Personal Consumption 3657
Depreciation 400
Wages 3254
Indirect Business Taxes 500
Interest 530
Domestic Investment 741
Government Expenditure 1098
Rental Income 17
Corporate Profits 744
Exports 673
Imports 704
Net Factor Payment 20
what are the effects of the deficits and debt on the stability of exchange rates?
what determines the rate of growth in output over periods of one or two decades? Over longer periods such as a century?
what relationship exists between inflation and unemployment?
what determines the cyclical behavior of output and employment? what causes recessions?