What does the PPI measure?

Q: What are the four phases the budget cycle?

A: The business cycle in economics is defined as in general the number of fluctuations in the basic…

Q: Using an AD/AS diagram, demonstrate what happens when consumers decide to spend more?

A: The economics as a study is based upon the idea that the entities in the economy tend to make…

Q: What is economy type does the United States have?

A: The U.S. is highly developed country and has a mixed economy. The U.S. economic system features…

Q: What is the budgetary procedure?

A: A government budget is a written agreement that details how much money will be generated, where it…

Q: To celebrate a big achievement of mine, I invited friends to my house for a party. Now, I am…

A: Given: Price of the bottle = $2 Price(P) and Quantity (Q) are: P1 = 1, P2 = 5 Q1 = 100, Q2 =200…

Q: How does the U.S. Bureau of Labor Statistics gather information with regard to the typical…

A: Consumption is an expenditure incurred by the residents of a country on its daily needs. Consumption…

Q: what is affordance and visibility?

A: Affordance: A feature of an object is to give the user a hint as to how to utilize it, what…

Q: what is marcoeconomic?

A: Macroeconomics is the branch of economics that focuses on the study of the economy as a whole. It…

Q: Does it shift outward or inward?

A: Budget constraints shows the relationship between the two goods , their prices and the income of the…

Q: What is FDI? What are two main forms of FDI?

A: Kinds of investment There are two kinds of foreign investment foreign direct investment, non-direct…

Q: Why are economists only interested in the spending on U.S. goods and services?

A: Gross domestic product (GDP) measures the money value of all final goods and services produced in an…

Q: When the marginal product of adding a worker is a greater loss than the loss of the marginal product…

A: When the marginal product of adding a worker is a greater loss than the loss of the marginal product…