What determines which goods a country should produce and export? What are some of the ways in which exports and imports can affect the AD/AS model? How does the exchange rate affect imports and exports of a country? Explain. Explain the difference between imports and exports. ...
capita GDP growth via increasing exports, but tends to reduce a country's share in world GDP because undervaluation depreciates its GDP at market exchange rate, whereas its indirect effect through export share changes is uncertain due to the zero sum nature of competitive undervaluation among ...
Several scholars have argued that GDP is a flawed measure of progress within a country. Explain some of the flaws with the measure of GDP and describe other measures that help overcome these flaws. What are the shortcomings of GDP as a measure of total...
In economics, proportion can be used to describe the distribution of income within a population, highlighting disparities or equality. The amount, however, might refer to the gross domestic product (GDP) of a country, indicating its total economic output without dissecting it into proportional contri...
A、The power of government becomes larger(政府的权力会变大) B、The power of government becomes weaker(政府的权力会变弱) C、No change at all(不变) D、In different situations the changes are different. (在不同的情况下,变化有所不同)
The Buffet Indicator is a measure of the totalvalueof all publicly-traded stocks in a country divided by that country’s GDP. It’s a measure and ratio to evaluate whether a market is undervalued or overvalued. It’s one of Warren Buffet’s favorite measures as a warning that financial ma...
In a command economy, the government controls the economy through various commands, laws, and national goals which are used to coordinate complex social and economic systems. In other words, a social or political hierarchy determines what is produced, how it is produced, and how it is distribute...
as urban governance capacity was observed as not being fully responsible for the effect; accordingly, when faced with a major public crisis, it may not be enough to rely exclusively on the “all-out power” of the governance of a city or even a country; instead, they should also rely on...
Command-based economies are regulated by a government body that determines the goods that are produced, their quantities, and their prices. In the modern world, few economies are purely market-based or command-based. Investopedia / Alex Dos Diaz Understanding Economies An economy encompasses all of...
Theper capita gross domestic product(GDP) of a country should typically increase along with the median household income. In recent years, a divergence has been seen between these figures in the United States. In turn, this has led to discussions about referencing median household income as a be...