1. Why is the demand for labor a derived demand? Provide a specific example of derived demand.

Q: What does VAT mean

A: Value added tax is imposed on the goods during the value addition of the goods.

Q: Discuss Israf and Tabzeer in detail

A: Consumerism takes place when human focuses more on his wants than his needs.  It can be seen as a…

Q: Write brief notes on the following indicating their usefulness on information work ; Primary…

A: Economics is the study of that branch where individuals, governments, businesses and the societies…

Q: Do you believe that we can forecast future events?

A: Forecasting is a technique that uses historical data as inputs to make informed estimates that are…

Q: current rate of inflation using PCE

A: Rate of inflation = Percentage change in the PCE index.

Q: what citizens can do if they expect inflation will decrease next year

A: Inflation would be a rise in the aggregate price level. The inflation is a burden on the economy as…

Q: What are the impacts of inflation for borrowers and savers

A: The impact of inflation on borrowers: It permits the borrowers to pay back the money, whose value…

Q: What is the GSS?

A: The National Opinion Research Center regularly and continuously interviews U.S. households that is…

Q: What is inflation tax?

A: Inflation Tax – The inflation tax is the financial loss of value suffered by holders and fixed…

Q: How does Worker-Tracking Wristband affect worker productivity?

A: How much output can be generated with a given set of inputs is referred to as productivity in…

Q: What is private income

A: Domestic income has to segments, firstly it includes the value of income from domestic product…

Q: Saving is that part of income which is not consumed.  True/False

A: # income can be broken into two parts where one part is consumption and one part is Savings.

Q: How does inflation impact consumers, savers, and borrowers?

A: Title: Exploring the Fundamental Principles of Inflation and Its Economic ImpactIn this underlying…

Q: Explain IMF IN DETAIL

A: IMF stands for International Monetary Fund.

Q: How might deflation set off further delation

A: A deflationary spiral can be defined as a "downward price reaction to an economic crisis leading to…

Q: What was the maximum change in GSP from the government spending

A: Keynesianism has made strides in its ability to solve economic downturns by government intervention,…

Q: What is NPA?

A: Assets:  The term asset refers to the economic value of goods that are owned by the firm or the…

Q: What are the different types of investmen

A: Investment is the new expenditure on physical assets such as machines, buildings, tools and…

Q: How to analyze the rate of interest?

A: The interest rate is the percentage of the amount paid by the borrower to the lender in a given…

Q: Why is it important to begin saving for the future at a young age? o to make it so you can blow all…

A: Savings is that part of income which is not consumed and kept aside for use in the future.

Q: What is effective disposable income?

A: Effective Disposable income is the net income available to the consumer after income taxes.…

Q: what is the contribution of money to our financial needs

A: Currently money is used all over the world. Money is important all around the world. Currency is…

Q: Why are Americans planning on cutting back on spending through the holiday

A: It can be described as the network of an organization that involves the production activities,…

Q: What is the use of inflation-adjusted figures?

A: Inflation is the cost of goods and services rising across the economy. Because inflation is not a…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: What is the relation between income and life expectancies?

A: The relationship between income and life expectancies can be best explained with the help of the…

Q: How is a firm's net income important?

A: Net income is earned by the company or individual after deducting expenses and taxes. It is also…

Q: What are the key taxes levied which can be collected by state, territory, and local government in…

A: There are the key taxes levied by which can be collected by the state government in Australia that…

Q: What are the factors used to measure economic well being?

A: The economics is derived from the GREEK word OKIONOMIA meaning management of household. It give the…

Q: In India what are the goods or services which do not comes under GST

A: GST stands for Goods and service taxes, in India it is effective from 1 July 2017. There are five…

Q: why is Universal Basic Income not inflationary?

A: Inflation is the rate at which prices rise over a given time period. Inflation is typically defined…

Q: What is the meaning of Net Present Worth?

A: The net present worth also known as the net present value calculated the difference between the…

Q: Does the Broader Diversification reduce the rate?

A: Yield: The term yield refers to the revenue or profit that is generated. For instance, the initial…

Q: What is the differences between men and women in terms of life expectancy in Spain?

A: Life expectancy is the measurement of duration of life based on the birth year. This can be…

Q: What is the Inflation factor?

A: Inflation is the abnormal increase in the general price level of the economy. When there is…

Q: how purchasing power is elaborated in economics through budget lines

A: Microeconomics studies the economic behavior of individual units such as a market, a firm, a seller,…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.