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What else can I help you with?
Why an economy's income must be equal to its output?
Because output generates income.
If the economy is inside the production possibilities curve then more output can be produced using existing resources true or false?
That is true :)
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.?
law of comparative advantage(Kaylop)
What determinis the amount of output an economy produces?
haw the amount of output an economy produces can be determinis?
Relationship between Aggregate output to aggregate income?
Aggregate output and aggregate income are closely related concepts in economics, as they represent two sides of the same coin. Aggregate output refers to the total value of goods and services produced in an economy, while aggregate income is the total income earned by factors of production, including wages, rents, and profits. In a well-functioning economy, aggregate output equals aggregate income, since the value of what is produced ultimately translates into income for those who contributed to the production process. This relationship is fundamental to understanding economic activity and the flow of money within an economy.
Why an economy's income must be equal to its output?
Because output generates income.
If the economy is inside the production possibilities curve then more output can be produced using existing resources true or false?
That is true :)
Which term applies to this definition?
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.?
law of comparative advantage(Kaylop)
The level of output the economy can produce in the long run is referred to as?
haw the amount of output in economy produces can be detreminis?
What determinis the amount of output an economy produces?
haw the amount of output an economy produces can be determinis?
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
What is output growth?
A growth in the total output produced.
What is the difference between output and out comes?
Output is what is produced. Outcomes are the result of the output
What is a good sentence for output?
The information produced by a computer is called output.
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
What determines the amount of output an economy produces?
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
