Economics Notes
... What does GDP mean? The value of all goods and services produced by a country in a set time; it measures the economic health of a country. What is GDP per capita? The average income of a household in one year What are entrepreneurs? People who take risks to start their own business Why are they impo ...
... What does GDP mean? The value of all goods and services produced by a country in a set time; it measures the economic health of a country. What is GDP per capita? The average income of a household in one year What are entrepreneurs? People who take risks to start their own business Why are they impo ...
Requirements for entrance exams in Economics
... 1. History of economic theories including ancient Greek and Roman thinkers and philosophers. Mercantilism, physiocracy, classical economics (Adam Smith, David Ricardo, William Petty), neoclassical economics, Keynesian economics, new institutional economics, neoliberalism. 2. Economics – definition o ...
... 1. History of economic theories including ancient Greek and Roman thinkers and philosophers. Mercantilism, physiocracy, classical economics (Adam Smith, David Ricardo, William Petty), neoclassical economics, Keynesian economics, new institutional economics, neoliberalism. 2. Economics – definition o ...
Chapter One: Section One
... Full Employment: occurs when everyone who wants to work has a job. Most statistics identify full employment when at least 95% of those wanting work are employed Unemployment Rate: measures the percentage of the labor force that’s unemployed and actively seeking work. An important measure of economic ...
... Full Employment: occurs when everyone who wants to work has a job. Most statistics identify full employment when at least 95% of those wanting work are employed Unemployment Rate: measures the percentage of the labor force that’s unemployed and actively seeking work. An important measure of economic ...
Production and Growth
... productivity (Y/L) depends on physical capital per worker (K/L), human capital per worker (H/L), and natural resources per worker (N/L), as well as the state of technology, (A). ...
... productivity (Y/L) depends on physical capital per worker (K/L), human capital per worker (H/L), and natural resources per worker (N/L), as well as the state of technology, (A). ...
2012 Study Guide answers
... 15-17. Define GDP (Gross Domestic Product), human capital, and capital goods ...
... 15-17. Define GDP (Gross Domestic Product), human capital, and capital goods ...
Government Policy and the Market Place
... and goods and in which spending and capital goods; investments that are determined by private decision rather than by state control and are determined in a free market. ...
... and goods and in which spending and capital goods; investments that are determined by private decision rather than by state control and are determined in a free market. ...
Chapter 2 Section 4 – External Forces Shaping the
... SSEF1: The student will explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments. Notecards Terms: Scarcity, Opportunity Cost, Tradeoffs, 4 Factors of Production, Land, Labor, Physical Capital, Huma ...
... SSEF1: The student will explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and governments. Notecards Terms: Scarcity, Opportunity Cost, Tradeoffs, 4 Factors of Production, Land, Labor, Physical Capital, Huma ...
Section 4 Providing Louisiana`s Goods and Services Vocabulary
... Define public goods and services Public goods and services meet the needs of society instead of individuals. ...
... Define public goods and services Public goods and services meet the needs of society instead of individuals. ...
Economics/Personal Finance Mr. Nielsen
... How is the final dollar amount of goods and services a reflection of the economy? If you own a small business, how does the dollar amount of goods and services reflect your success? ...
... How is the final dollar amount of goods and services a reflection of the economy? If you own a small business, how does the dollar amount of goods and services reflect your success? ...
International development - Institute for Governance and Policy
... Export sector contains small number of workers /draws on technology as opposed to traditional sector with more labour force & inefficient technology (Akin Mabogunje - Geographer) ...
... Export sector contains small number of workers /draws on technology as opposed to traditional sector with more labour force & inefficient technology (Akin Mabogunje - Geographer) ...
business
... This chart is from the Bureau of Economic analysis and it shows quarterly growth of the gross domestic product. You can see from the graph, the second and third quarters of 2008, and the first and second quarters of 2009 showed negative growth in the gross domestic product. This is a graphical repre ...
... This chart is from the Bureau of Economic analysis and it shows quarterly growth of the gross domestic product. You can see from the graph, the second and third quarters of 2008, and the first and second quarters of 2009 showed negative growth in the gross domestic product. This is a graphical repre ...
Chapter 5
... primary determinant for prosperity, growth and development Rate of savings does not affect aggregate demand but only the composition of output, ie. consumption and investment goods ...
... primary determinant for prosperity, growth and development Rate of savings does not affect aggregate demand but only the composition of output, ie. consumption and investment goods ...
Economics – Circular flow of income
... services. • public good: a product provided without profit to all members of society (police, infrastructure etc.) Purchase of public goods and services: government expenditure Besides purchase of public goods and services, governments are responsible for social welfare system: • payments, like fo ...
... services. • public good: a product provided without profit to all members of society (police, infrastructure etc.) Purchase of public goods and services: government expenditure Besides purchase of public goods and services, governments are responsible for social welfare system: • payments, like fo ...
SSEF4 - Economic Systems
... Command – In a centralized command economy, government planning groups make the basic economic decisions. They determine such things as which goods and services to produce, their prices, and wage rates. Market – In a decentralized market economy, economic decisions are guided by the changes in p ...
... Command – In a centralized command economy, government planning groups make the basic economic decisions. They determine such things as which goods and services to produce, their prices, and wage rates. Market – In a decentralized market economy, economic decisions are guided by the changes in p ...
1 - Act-co
... Festival will be expected to identify any professionals participating in a production prior to adjudication. Failure to disclose this information will be penalized by the ACT-CO Board. A “professional artist” includes: 1. Any person whose primary source of income is from professional theatre. 2. Any ...
... Festival will be expected to identify any professionals participating in a production prior to adjudication. Failure to disclose this information will be penalized by the ACT-CO Board. A “professional artist” includes: 1. Any person whose primary source of income is from professional theatre. 2. Any ...