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Business Economics: Consumer Price Index  

Pages : 8 | Type : Essay

Answer: Introduction: Demand-pull inflation in an economy occurs when the aggregate demand increases more than the aggregate supply (Kawasaki, Yamaguchi & Yanagida, 2010). This inflation occurs as the overall economy grows on the other hand. In this situation, it is said that much money in the economy chases only a few available goods and services.  The increased aggregate demand results due to increased employment by firms in order ...

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Written By : Harold Alderete     Posted On : Sep 19, 2019     Download : 0

BUECO5903 Business Economics  

Pages : 5 | Type : Essay

Answer: Introduction As is shown by the graphs above, both forms of externalities give rise to allocative inefficiency. In both diagrams, the market will produce at the point where Qd=Qs, which happens in both diagrams at the point P1, Q1. Nevertheless, allocative efficiency happens where MSB = MSC and not at the point where Qd = Qs (Pérez Herrero, Brunel, & Marlot, 2016). Therefore, the allocative efficient production level take p...

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Written By : Mitchie Sima     Posted On : Feb 06, 2020     Download : 0

More Courses from Federation University

BUECO5903 Business Economics Strategies  

Pages : 5 | Type : Essay

Answer: Introduction: The expenditure approach attempts for calculating the gross domestic product by adding the final good and services purchased in the economy. The components of the gross domestic product which is termed as Y includes the consumption (C), Investment (I), Government spending (G) and Net Exports (X-M). Consumption of fixed capital + household consumption expenditure + government consumption expenditure + government investme...

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Written By : Mark     Posted On : Mar 24, 2020     Download : 0

BUECO5903 Business Economics1  

Pages : 6 | Type : Essay

Answer: Introduction: a) External cost refers to the cost that is imposed upon third party when products are manufactured and consumed. On the other hand, external benefit refers to positive externality that transaction or other activities provides to party. As external cost is negative externality that is not considered, there occurs more production at higher price, which results to over allocation of the resources. As external benefit is po...

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Written By : Mark     Posted On : May 18, 2020     Download : 0

BUECO5903 Business Economics For Government Expenditure And Import  

Pages : 8 | Type : Essay

Answer: GDP = Consumption (C) + Investment (I) + Government Expenditure (G) + (Export (X) – Import (Y))           = {$60 + $5 + $8 + ($7- $10)} billion           = ($60 + $5 + $8 - $3) $ billion           =$ 70 billion Injection = Investment + Government Expe...

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Written By : Mark     Posted On : Sep 30, 2020     Download : 0

BUECO5903 Business Economics And Statistics  

Pages : 10 | Type : Essay

Answers :-  1.a) The Australian Bureau of Statistics (ABS) classify unemployment levels based on criteria, which comprise three basic factors, including without work, presently available for work, and actively seeking for work. Foremost, without work criterion distinguishes those individuals who have a job and those people who do not. In ABS view, a person working for at least one hour within the reference week is considered employed (Grego...

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Written By : Mark     Posted On : Oct 03, 2020     Download : 0

BUECO5903 Business Economics  

Pages : 6 | Type : Essay

Answer: The Australian Bureau of Statistics uses agreed standards in defining unemployment and the key indicators have been measured in a consistent way since 1966 The following three criteria’s to be classified as unemployed are: Not working more than one hour in a reference week Actively looking for work in previous 4 weeks Be able to start work in the reference week The ABS make use of various measures in addition to unempl...

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Written By : Mark     Posted On : Oct 26, 2020     Download : 0

BUECO5903 Business Economics  

Pages : 7 | Type : Essay

Answer: Introduction: The Australian Bureau of Statistics (ABS) applies three criteria to determine that whether a person is “unemployed” or not. Those are: Looking for a job actively for last four weeks; Working less than one hour in the reference week; and Can start working in the reference week. The ABS uses standards that are accepted internationally to define unemployment while those above-mentioned key indicators...

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Written By : Mark     Posted On : Oct 27, 2020     Download : 0

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