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A: The factor of Production: The factor of production refers to the inputs that are utilized. There are…
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A: Economic development is the process of creating wealth for the benefit of the community. It's more…
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A: Profit: The term profit exhibits the amount that comes after subtracting the total cost from the…
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A: The labor market illustrates how the interaction between the employers and the employees determines…
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A:
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Q: Why is this economic measuresignificant?
A: Economic growth expands the capacity of the state as well as the supply of public goods. Growth…
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A: B. True, False
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A: Sectoral change refers to the change in trend in the agricultural sector over time where the…
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A: Globalization primarily means the advancement of technology, transportation, networking.…
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A: Labor Productivity:- Work job performance is defined as actual production per labor hour, and the…
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A: As populace increments, per capita accessible pay decays. Individuals are re-quired to take care of…
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A: We know that any economy is in equilibrium when: Y = C + I + G Also Yd = Y - T Yd means disposable…
Q: How can we reduce the number of low-income workers and increase the number of middle-and…
A: There are many factors like education, training, health services, etc. that can decrease the number…
Q: Compute the Human Development Index (HDI) in a country with a life expectancy of 80 years, 9 mean…
A: Answer- Given in the question- For a country, Life expectancy = 80 years Mean years of schooling…
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Q: explain the existence and rise of the nonprofit sector through the lens of the economic theory. What…
A: The non profit sectors refer to the one who have no profit motive, instead their main goal is the…
Q: Given a four sector economy model, equilibrium income will be achieved when Select one: OA I+G+M =…
A: "A four sector economy includes the business sector, government sector, household sector, and the…
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A: Cost-of-living refers to the amount of money that is required by an individual to maintain an…
Q: State any two limitations of per capita GDP as an index of economic welfare
A: According to the given question GDP or the gross domestic product is initially known as the…
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A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: Why does the rate of return from education in surveys tend to lean bias upwards or downwards?
A: Education investments can be measured in terms of their rate of returns. To set policy guidelines…
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A: Natural rate of unemployment refers to those people who are unemployed in the when the economy is…
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A: Agrarian economy is a rural economy rather than urban based. In this type of an economy people are…
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Q: Which of the following would tend to underestimate social well being as mneasured by real GDP (RGDP)…
A: GDP measures the market value of final goods and services produced by an economy during a given…
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A: Human resource management is a component of the overall system of an organisation. When a subsystem…
Q: What are the endogenous variables in the labor market model?
A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…
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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
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A: The Gender Empowerment Measure (GEM) can be defined as a measure of the inequality between different…
Q: What is the LPG Model of Development?
A: The LPG Model of Development was introduced by Dr. Manmohan Singh in 1991.
Q: how a production function can help us understand differences in per capitaGDP across countries?
A: Production function: It refers to the relationship between the inputs put in the production process…
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A: The amount of money that a person or household has available for spending or saving after income…
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A: Nash Equilibrium the equilibrium strategy which the best action given the other players action. So…
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A: The division of labor is an economic principle that argues that breaking down the manufacturing…
Q: In the figure below, which of the lines represents the lowest per-capita rate increase (r)? 500 400…
A: Per capita rate of increase (r) is of population size (N) over some span of your time (t). It are…
Q: Additional labor productivity would be equivalent to a.marginal productivity of the worker. b.…
A: Additional labour productivity means how much addition is made to the total product when one…
Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…
A: Economics as a subject deals with the allocation, production and optimization of scarce resources…
Q: output per capita, Ye/Lt Exercise 7.2 (Endogenous Fertility). The figure shown below, which is taken…
A: We are going to understand improvement in Solow model to capture endogeneity of population growth…
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- What is the population of Nigeria? Of that population, what percentage live in poverty (indicate the definition of poverty that is being used)? What is the average income in your country (hint: look for GNI)?how does the demand and supply for labour affect the wage rate of workers?why minimum wage should not increase ? ( state youre answer by looking at economy as micro)
- Do you think the rise of AVs will eliminate some jobs? What are those jobs?Give correct typing answer with explanation and conclusion In a global perspective, the United Nations and the World Bank calculate an absolute poverty line of $1.90 per day based on:Over the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. Discuss the implications for semi-skilled skilled workersas a result of this improvement. Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology. Can you please answer this question so there will be no plagiarism, you have answer for this question in your website, but more likely it is already copied by someone else