2) Part A: What prediction can you make about the inflation when a country is in war? Write your discussion with the help of aggregate demand and aggregate supply. [Chapter 7]

ENGR.ECONOMIC ANALYSIS
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Part A please

2) Part A: What prediction can you make about the inflation when a country is in war? Write your discussion with the help of aggregate demand
and aggregate supply. [Chapter 7]
Part B: Per capita income (or output) is the general measure used to compare the standard of living between countries. If a country's
population growth is higher than its economic growth, what happens to per capita income? What are some đi the limitations to using per
capita income as a measure to compare the well-being of different countries? [Chapțer 8]
Part A: Look at the Circular Flow Diagram- Exhibit 3 in Chapter 6 (page 101in 5th edition), It provides an illustration of one of the
Transcribed Image Text:2) Part A: What prediction can you make about the inflation when a country is in war? Write your discussion with the help of aggregate demand and aggregate supply. [Chapter 7] Part B: Per capita income (or output) is the general measure used to compare the standard of living between countries. If a country's population growth is higher than its economic growth, what happens to per capita income? What are some đi the limitations to using per capita income as a measure to compare the well-being of different countries? [Chapțer 8] Part A: Look at the Circular Flow Diagram- Exhibit 3 in Chapter 6 (page 101in 5th edition), It provides an illustration of one of the
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