Economics Exam
... If current real GDP of a country is $500 bil, and full employment real GDP is at $400 bil, which of the following combinations of policies is likely to be the most efficient in bringing the economy to its full-employment level? A. A decrease in taxes and a lower discount (refinancing) rate. B. An in ...
... If current real GDP of a country is $500 bil, and full employment real GDP is at $400 bil, which of the following combinations of policies is likely to be the most efficient in bringing the economy to its full-employment level? A. A decrease in taxes and a lower discount (refinancing) rate. B. An in ...
NBER WORKING PAPER SERIES WHAT YOU EXPORT MATTERS Ricardo Hausmann Jason Hwang
... important role, they do not uniquely pin down what a country will produce and export. Furthermore, not all good are alike in terms of their consequences for economic performance. Specializing in some products will bring higher growth than specializing in others. In this setting, government policy h ...
... important role, they do not uniquely pin down what a country will produce and export. Furthermore, not all good are alike in terms of their consequences for economic performance. Specializing in some products will bring higher growth than specializing in others. In this setting, government policy h ...
describing graphs
... Last year we RAISED 2 m in capital. The cashflow crisis AROSE because the company did not receive payment from its debtors. • Retail prices ROSE by 7% last year. • The Fed will probably RAISE interest rates by 0.5%. • The mistakes that have ARISEN this week are due to a lack of communication between ...
... Last year we RAISED 2 m in capital. The cashflow crisis AROSE because the company did not receive payment from its debtors. • Retail prices ROSE by 7% last year. • The Fed will probably RAISE interest rates by 0.5%. • The mistakes that have ARISEN this week are due to a lack of communication between ...
Service Economy--Several Problems about Concept and Distinguishable Criteria
... Nowadays the service economy is a hot topic. Although this wording means a huge change in the economic structure and shape, people always use a simple way to define and judge the service economy. Generally, they only inspect the proportion of the service sector in the total economic output and emplo ...
... Nowadays the service economy is a hot topic. Although this wording means a huge change in the economic structure and shape, people always use a simple way to define and judge the service economy. Generally, they only inspect the proportion of the service sector in the total economic output and emplo ...
ResearchBrief122
... sector. With no frictions, the market determined RER would adjust to equate the marginal returns on tradable and non-tradable goods, optimizing their contributions to growth. Within the euro area such an adjustment is not easy. A large fraction of RER changes stems from changes in the nominal exchan ...
... sector. With no frictions, the market determined RER would adjust to equate the marginal returns on tradable and non-tradable goods, optimizing their contributions to growth. Within the euro area such an adjustment is not easy. A large fraction of RER changes stems from changes in the nominal exchan ...
data - Monetary Authority of Singapore
... outcome, although consumer and public spending provided some offset. The sluggishness in growth was broad-based across the bloc, with both core and peripheral economies expanding at a slower clip. Germany grew by a lacklustre 1.3% q-o-q saar, weighed down largely by a contraction in net exports, as ...
... outcome, although consumer and public spending provided some offset. The sluggishness in growth was broad-based across the bloc, with both core and peripheral economies expanding at a slower clip. Germany grew by a lacklustre 1.3% q-o-q saar, weighed down largely by a contraction in net exports, as ...
Chapter 04 Section 4.2
... Productivity is output per worker hour. It is usually measured over a defined period of time, such as a week, month, or year. Businesses can increase their productivity by investing in new equipment or facilities that increase efficiency, providing additional training, and providing financial incent ...
... Productivity is output per worker hour. It is usually measured over a defined period of time, such as a week, month, or year. Businesses can increase their productivity by investing in new equipment or facilities that increase efficiency, providing additional training, and providing financial incent ...
Free Full Text ( Final Version , 264kb )
... A Basic Income grant (BI) is a monthly cash grant paid by the State to every citizen regardless of its age, income, working condition, ethnicity, social class, etc. It is uniform (strictly equal for every citizen), not dependent on means-tests (no proof of poverty, unemployment or school attendance ...
... A Basic Income grant (BI) is a monthly cash grant paid by the State to every citizen regardless of its age, income, working condition, ethnicity, social class, etc. It is uniform (strictly equal for every citizen), not dependent on means-tests (no proof of poverty, unemployment or school attendance ...
Russia and East-Central Europe in the Modern World
... included the Russo-Japanese War, World War I, the Russian Revolution and Civil War, collectivization, and World War II. Growth was then much faster and more consistent in the three decades from 1950-1980, after which is slowed to a trickle in the 1980s. The 1990s were marked by the savage dislocatio ...
... included the Russo-Japanese War, World War I, the Russian Revolution and Civil War, collectivization, and World War II. Growth was then much faster and more consistent in the three decades from 1950-1980, after which is slowed to a trickle in the 1980s. The 1990s were marked by the savage dislocatio ...
Uk Economic Forecast Q1 2014 BUSINESS WITH CONFIDENCE icaew.com/ukeconomicforecast
... investing their cash. The government may need to do more to assure businesses about the sustainability of the current recovery, to encourage conversion of these cash reserves into investment. There is a mixed picture for capital investment at an industry sector level. Capital investment growth plans ...
... investing their cash. The government may need to do more to assure businesses about the sustainability of the current recovery, to encourage conversion of these cash reserves into investment. There is a mixed picture for capital investment at an industry sector level. Capital investment growth plans ...
Effects of Increasing Agricultural Productivity: A
... intermediate inputs and an aggregate of primary factors are combined in fixed proportions to create each unit of output. At the second level, the aggregation between domestic and imported intermediate inputs and the aggregation of primary factors are described by a Constant Elasticity of Substitutio ...
... intermediate inputs and an aggregate of primary factors are combined in fixed proportions to create each unit of output. At the second level, the aggregation between domestic and imported intermediate inputs and the aggregation of primary factors are described by a Constant Elasticity of Substitutio ...
The “Orthodoxy” of Leon H. Keyserling: Advisor to the President.
... Economic Growth and Keyserling To Keyserling, constant economic growth was a major necessity and goal for economic policy (Brazelton, 2001, esp. 157-59)(Keyserling, 1954, 1957, 1962). However, growth , unlike many advocates of “counter-cyclical economic policy, to Keyserling meant constant growth. ...
... Economic Growth and Keyserling To Keyserling, constant economic growth was a major necessity and goal for economic policy (Brazelton, 2001, esp. 157-59)(Keyserling, 1954, 1957, 1962). However, growth , unlike many advocates of “counter-cyclical economic policy, to Keyserling meant constant growth. ...
What Are the Constraints to Inclusive Growth in Zambia?
... FDI and aid have been higher than the average for SSA and LICs both in 1990s and 2000s ...
... FDI and aid have been higher than the average for SSA and LICs both in 1990s and 2000s ...
Fast five
... on necessities increases as our incomes increase. T/F The proportion of our income spent on necessities decreases as our income increases T/F As our incomes decrease the % spent on inferior goods increases T/F Disposable income is income after tax (and ...
... on necessities increases as our incomes increase. T/F The proportion of our income spent on necessities decreases as our income increases T/F As our incomes decrease the % spent on inferior goods increases T/F Disposable income is income after tax (and ...
Carbon tax scenarios - Centre International de Recherche
... • PJ fuel per PJ of ELC • Units of capital per PJ of ELC • Interpretation of O&M costs for labour, and goods & services inputs per PJ of ELC ...
... • PJ fuel per PJ of ELC • Units of capital per PJ of ELC • Interpretation of O&M costs for labour, and goods & services inputs per PJ of ELC ...
Powerpoint Presentation
... increasing the money supply shifts the M curve out move along M PPM goes down ...
... increasing the money supply shifts the M curve out move along M PPM goes down ...
Machine/organism dichotomy and free-market economics
... centrally planned economies have been learned), indirect price-forming effects of money and interest rates are habitually underestimated. Infusing large sums of tax money or manipulating interest rates artificially (for political reasons) undoubtedly deform the prices and lower their signaling effic ...
... centrally planned economies have been learned), indirect price-forming effects of money and interest rates are habitually underestimated. Infusing large sums of tax money or manipulating interest rates artificially (for political reasons) undoubtedly deform the prices and lower their signaling effic ...
Course Outline
... b) allocative efficiency ( P ( = MB ) = MC ) is the production of that particular mix of goods/services most wanted by society A production possibility curve/frontier represents some maximum combination of two products, which can be produced if full employment and full production are achieved. KEY G ...
... b) allocative efficiency ( P ( = MB ) = MC ) is the production of that particular mix of goods/services most wanted by society A production possibility curve/frontier represents some maximum combination of two products, which can be produced if full employment and full production are achieved. KEY G ...
The National Income Accounts: Measuring the
... Here GDP is the sum of the final incomes earned through the production of goods and services and earned by the owners of land, labour, capital and enterprise. Gross Domestic Product (by factor income) = _________ from employment and selfemployment + ___________ of companies + _________ income for th ...
... Here GDP is the sum of the final incomes earned through the production of goods and services and earned by the owners of land, labour, capital and enterprise. Gross Domestic Product (by factor income) = _________ from employment and selfemployment + ___________ of companies + _________ income for th ...
Enabling the Transition to a Green Economy: Government and
... of supply, and make more efficient use of natural resources. 12. The Government recognises that there will be increased costs of some resources, and changing patterns of investment and innovation towards green activity. As we make the transition, we will need to take into account the distributional ...
... of supply, and make more efficient use of natural resources. 12. The Government recognises that there will be increased costs of some resources, and changing patterns of investment and innovation towards green activity. As we make the transition, we will need to take into account the distributional ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.