post university ECO 201 macroeconomics unit 2 assi

Question # 00004281 Posted By: vikas Updated on: 12/01/2013 12:56 AM Due on: 12/21/2013
Subject Economics Topic Macroeconomics Tutorials:
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Answer Questions For Review #1 and #8 at the top of page 510Answer Questions For Review #1 in the middle of page 527Page 5101.)

1] An economy's income is same at its expenditure because in every transaction there aretwo parties: the seller and a buyer. Every dollar of spending by a buyer is a dollar ofspending for a seller

.2.)It is desirable for a country to have a large GDP because its the market value of all finalgoods and services produced in a country in a given period of time. 

You would want theGDP to be large so that the value of goods is higher. Countries with a large GDP allowsthe people of that country to live better lives.p.g. 5271)I think a 10 percent increase is the price of chicken has a greater effect on the consumerprice index because more people on a whole buy chicken than caviar.
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  1. Tutorial # 00004080 Posted By: vikas Posted on: 12/01/2013 12:57 AM
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    The solution of post university ECO 201 macroeconomics unit 2 assignment...
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