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Which ma scale is large and which one is small?
1:24,000, 1:50,000, 1:125,000, 1:2,000,000, 1:5,000,000, 1:21,000,000
Small scale maps show a larger geographic area and less detailed and large-scale maps show a smaller geographic area with greater detail. The 1:24,000 scale is fairly large. The 1:50,000 scale goes as an intermediate. 1:125,000 is the size of...
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Define economies of scale and give two reasons why firms may experience economies of scale. Economies of scale is a long-run concept or a short-run concept?
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing...
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Problem No. 2 From following date compute (i) Real GDP (ii) GDP deflator (iii) inflation rate Year Nominal GDP Rs. billion CPI 2018-19 54195 228.1 2020-21 61583 251.3
(i) Real GDP in 2020-21 is:Yr = 61583×228.1/251.3 = 55897.66. (ii) GDP deflator is: Deflator = 61583/55897.66×100 = 110.17.(iii) Inflation rate is 110.17 - 100 = 10.17%.
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this year real GDP per person in olympus is 45,000 while the year before it was 48,250. What is the growth rate of real GDP per Person
Income per person, is the mean income within an economic aggregate such as a country or city. It is calculated by taking a measure of all sources of income in...
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Contrast the nominal GDP and real GDP. Why do economists consider real gdp as a more reliable measure for comparing changes in the production level over a series of years?
Nominal GDP is the total gross national product evaluated at current market prices. Real GDP is gross national product calculated using the prices of a selected base period . Economists...
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If the base year prices are used during the measurement of GDP, then the.................is obtained.
1) Current GDP
2) Gross national product
3) Real GDP
4) Nominal GDP
3) Real GDP
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Which are the reasons why developing economies and developed economies are converging more? Explain
The main reason is that money should work. Therefore, developed countries need somewhere to put in excess capital and they invest in developing countries, and developing countries need investments in...
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reason why developing economies and developed economies are converging on the basis gdp ? Explain within 100 words
Convergence is when developing countries with low levels of GDP per capita catch up with developed countries with high GDP per capita. Convergence can occur when both developing and developed...
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Do you think there are economies of scale and economies of scope in healthcare markets? Give 3 examples.
Achieving economies of scale is a key strategy for larger healthcare organizations to reduce and control their costs. Economies of scope allows providers to leverage their scale to create non-traditional...
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Nigeria and South Africa are the two largest economies in Africa. Examine how these two economies have dealt with the international monetary trilemma in the last one year.
Nigeria and South Africa are open economies and they have been facing trilemma trade off such that policy makers have been able to simultaneously achieve only two policies among the...
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