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ECON 214 Principles Of Macroeconomics System

Download : 0 | Pages : 3
  • Course Code: ECON 214
  • University: Liberty University
  • Country: United States

Answer: Introduction: Human capital is acknowledged as the skilled labour force, who is productive in nature to add values and output to the existing product stock (Fitzsimons, 2015). There is difference between human capital and total number of workers available for work in the market because, it may so happen that all the workers available in the workforce may not be skilled and unless they are not skilled they cannot be called human capita...

Read More arrow Tags: Australia New Haven Accounting International Health University of New South Wales 

ECON214 Principles Of Macroeconomics

Download : 0 | Pages : 4
  • Course Code: ECON 214
  • University: Liberty University
  • Country: United States

Answer: Answer 1 Gross Domestic Product is the market value of all goods and services produced by a nation in a given year. Goods and services produced in a particular year is only included in GDP. With expenditure approach, all the expenditure made against produced goods or services included in GDP. Expenditures that does not account any production is not a part of GDP (Agénor and Montiel 2015). Now, transfer payments are expenditures...

Read More arrow Tags: Australia New Haven Management International Health University of New South Wales 
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