Microeconomics (6th Edition)
Microeconomics (6th Edition)
6th Edition
ISBN: 9780134106243
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 14, Problem 14.3.6PA

Subpart (a):

To determine

Pay-off matrix of Saudi Arabia and Nigeria.

Subpart (b):

To determine

Decision tree.

Subpart (c):

To determine

Dominant strategy.

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a. From the following data calculate "National Income" by Income & expenditure method. (8 marks) Parameters $ Interest 150 Rent 250 Government Final Consumption Expenditure GFCE 600 Private Final Consumption Expenditure PFCE Profits Compensation of employees Net Income from Abroad NFIA Net Indirect Tax NIT Net Export Consumption of fixed capital Net Domestic Capital Formation NDCF 1200 640 1000 30 60 -40 50 34
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