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What connections if any do you see between th e type of economy and the level of GDP per capita?
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Difference between low levels of living and low per capita incomes?
The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.
The relationship between the value of money and the price level in an economy is?
Inverse
What is the relation between Public borrowing and price level?
if the increase the public borrowing increase the price level of economy.
State three main features of Indian economy at the time of independence?
low level of productivity under utilisation of available resources low level of capital formation poor infrastructure pressure of population predominance of agriculture low per capita income
What is the difference between price level and the rate of inflation in an economy?
The price level is a measure of the average price in an economy and is measured at a point in time.. The rate of inflation is the rate of change of the price level over time. Strictly speaking, economists define inflation as a continued increase in the price level as opposed to a one time price level adjustment.
Difference between low levels of living and low per capita incomes?
The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.
What is the level of per capita energy consumption in India?
The level od per capita energy consumption in India is approximately 565.6.
The relationship between the value of money and the price level in an economy is?
Inverse
What is the relation between Public borrowing and price level?
if the increase the public borrowing increase the price level of economy.
State three main features of Indian economy at the time of independence?
low level of productivity under utilisation of available resources low level of capital formation poor infrastructure pressure of population predominance of agriculture low per capita income
Distinguish between low level of living and low per capita income?
A low level of living refers to inadequate access to basic needs such as food, shelter, and healthcare, which can affect overall well-being. On the other hand, low per capita income specifically measures the average income earned per person in a given area, providing an indication of economic prosperity or poverty without taking into account the living conditions.
What is the difference between price level and the rate of inflation in an economy?
The price level is a measure of the average price in an economy and is measured at a point in time.. The rate of inflation is the rate of change of the price level over time. Strictly speaking, economists define inflation as a continued increase in the price level as opposed to a one time price level adjustment.
What statement refers to per capita GDP?
The average household level of production declined last year.
How much do dental hygientist make a year?
it depends on your experience level and your local economy, but you can expect between $30,000 - $75,000 a year
How are decisions made in a market economy?
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
What is the primary determinant of the level of consumption and saving in the economy?
the level of income
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
