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What is meant by the term economic well. Explain in the context of US economy.
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- What are the major steps taken by government of Oman towards the economic diversification? Discuss?Often, Americans are surprised to learn that _______ of the value of U.S. consumption comes from other countries. A) about 30 percent B) about 35 percent C) about 15 percent D) about 25 percent E) about 20 percentWhat are 3 economic indicators that are important to evaluate the economic situation of a country
- To convert Gross Domestic Product to Net Domestic Product, which of the following is correct? Question 5Answer a. GDP – Capital Formation b. GDP – Depreciation c. GDP + Capital Formation d. GDP + Depreciationcompare adam smiths view of a nations wealth with that of modern economists who rely on gross domestic product. Would Adam Smith agree that gross domestic product is the best way to measure a nations economic output?Answer this question based on the given information for an economy in some year I. Dollar Value of resource extraction = $20 billion ii Dollar value of production activity = $50 billion iii. Dollar value of distribution activity = $60 billion IV Dollar value of final output = $100 Gross output for this economy equals?
- With proper reasoning evaluate the statement. Economist didn't consider the the non-monetary transaction while evaluation the GDP of a nation.Who do booms and recessions tend to be transmitted across national bordersToday, the Service Sector(s) are the most important elements in the Global Economy, but unpacking the value-added contribution made by services is difficult and problematic. Why is this?
- Use the following composition of expenditure for the economy of a countrynamed the Republic of Tapuwa, for the year ended 2019 to answer thequestions below: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of theworld 300 Foreign payment from the rest of the world 250 Q1. Calculate the value of the country’s GDE (Gross DomesticExpenditure). Q2. Compute the value for the country’s GDP (Gross Domestic Product)at market price.how do you solve national savingI. Explain the following identity,How is this identity be used to measure GDP in Pakistan? C + G + I + NX ≡ Y ≡ YD + (TA − TR) ≡ C + S + (TA − TR). II. What are the disadvantages of using the above identity to measure economic development Please answer whole question. Thank you
