on the limitations of the private enterprise & thus mixed public-private economy was regarded as desirable. This implied nationalizing a wide range of strategic industries. Secondly, need for a coordinated macroeconomic policy was recognized because market alone failed to ensure macroeconomic stability that is that is needed for sustained growth of business. Finally, reliance entirely on market For the welfare of the people was a questionable proposition. In the three and a half decades between 1960
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Americans love a war. It is in our nature. We in this nation, love the notion of a contest, a challenge to be bested, and as such there is no greater challenge than war. With any hot-button issue to arise on a national level, it can be certain that a war will be declared. In the 1950s, Senator McCarthy declared a war on communism, in the 1970s, President Nixon declared a war on drugs and in 1964, President Johnson declared a war on poverty. The driving factor in this war was to “be an investment
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the Assignment (1) (a) Australia: The rate of growth of real GDP in the December quarter 2011 is 2.3, and the three months to the December quarter is 0.4. The United States: the rate of growth of real GDP in the December quarter 2011 is 1.2, and the three months to the December quarter is 0.7. Australia has a greater GDP growth rate for the year to the December quarter 2011 but a lower growth rate in the fourth quarter. （b）Australia: Final consumption expenditure, the general
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Explain, with the aid of appropriate diagrams, how the five sector circular flow of income interacts to generate economic activity. The circular flow model represents two flows: the real flow of production and the flow of money. The real flow refers to the flow of resources and goods and services within an economy. Firstly, the simple circular flow of income encompasses two closed sectors – firms and households, and two markets – the product and factor. Households sell resources, such as land
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3. Discuss what policy actions might have prevented or mitigated the balance of payments problem and the subsequent collapse of the peso. - Efficient policy actions should have been taken in proper time, in order to prevent the BOP problem and subsequent collapse of the peso. A few of them are discussed below: - Mexico could have tightened its monetary policy in order to defend the peso from devaluating. Even though the Mexican central bank claims to have pursued such a policy, some analysts questioned
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to ensure macroeconomic stability of the country, promote economic growth, and develop a mechanism for equitable distribution of income. The main tools to achieve these objectives are variation in public revenue, variation in public expenditure, and management of public debt. These are reflected in the budgetary operations of the government, prepared and implemented on year-on-year basis. While the Government’s fiscal strategy emphasizes the need for maintaining overall Macroeconomic stability
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1. Why does GDP equal aggregate income and also equal aggregate expenditure? Answer: The definition of GDP, Gross Domestic Product, is the value of the aggregate production of goods and services in a country during a given period of time which usually one year. The GDP can be measured in two ways by the expenditure approach which is the total expenditure on goods and services or by the income approach, total income earned producing goods and services. Total expenditure is known as aggregate expenditure
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Tamara Anderson American Intercontinental University Lower Division Capstone GDP How to calculate the GDP? - Its consumer spending, investment, government purchases and net exports. The GDP is the statistics of the current economic state. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous
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Economic structure and growth When the Europeans set up trading posts around the area of Bangladesh, the British dominated the region. As such, Bangladesh was part of British India until the region was split up into India and Pakistan in 1947. Pakistan was comprised of West Pakistan (current Pakistan) and East Bengal (current Bangladesh. This awkward arrangement of a two-part country with its territorial units 1,600 km apart left the Bengalis marginalized and dissatisfied. In 1971, East Bengal
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EXECUTIVE SUMMARY Vietnam is a young country with the developing economy. To be a member of WTO (World Trade Organization), Vietnam can have many opportunities to develop more and more but it is also a challenge for this South East Asia country in the time changing from command economy to mixed economy. Established on 9th, April, 1995, through 15 years operating on home care products, personal care products and food, Unilever Vietnam has achieved a lot of success and be remarkable in Vietnam’s
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