What results when actual output is at potential output?
The output gap is an economic measure of the difference between the actual output of an economy and its potential output. A positive output gap occurs whe...
Category: General
How do you calculate speed and velocity?
Provided an object traveled 500 meters in 3 minutes , to calculate the average velocity you should take the following steps: Change minutes into seconds (...
What are the economic activities of North America?
The people living in the North America are involved in different economic activities like Animal husbandry,Industries,Services, farming, Fishing etc. The ...
Why would it enact a tight monetary policy?
The Federal Reserve enacts a tight money policy when the economy is having rapid expansion which can cause high inflation. By doing this it uses monetary ...
What does Northern Territory export?
Main commodities exported from the NT were confidential items (most likely liquefied natural gas) (83%), metalliferous ores and metal scrap (9.5%) and liv...
What are the purposes of aggregation?
Data aggregation is the process of gathering data and presenting it in a summarized format. The data may be gathered from multiple data sources with the i...
Which factor of production is most important to growth of an economy?
The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth. Improved eco...
How do you market people with disabilities?
10 Ways to Target the Disability Market and Keep a Competitive Edge Advantage. Engage with Local Disability Organizations and Business Leadership Networks...
What will happen if price falls below the market-clearing price?
What happens if price falls below the market clearing price? Quantity demanded increases, quantity supplied decreases, and price rises. the quantity of ou...
What are the approaches in computing GNP?
I – Investment. G – Government Expenditure. X – Net Exports (Value of imports minus value of exports) Z – Net Income (Net income inflow from abroad minus ...
