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Economics

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Global economics

Real GDP (base year – 2004): Real GDP for 2004: GDP = 100*20 + 200*110 = $24,000 Real GDP for 2005: GDP = 120*20 +210*110 = $25,500 Real GDP has...

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Gross domestic product

GDP consists of Gross (before taking into consideration the depreciation in the value of the product), Domestic (within the borders of a country) and Product which simply means a good...

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Interest rate

The impact of interest rate increasing on real estate market Generally, the increasing of the bank’s interest rate has crowding-out effect on the asset bubble. But how does interest rate...

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Meet the Brics Case Study

Map the proposed sequence of evolution of the economy of the BRICs. what indicates might companies monitor to guide their investments and organize their local market operations? Answer: China and...

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Economic Environments

Recession A significant decline in activity across the economy, lasting longer than a few months Trough The stage of the economy's business cycle that marks the end of a period...

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Rich Manufacturing Company’s

1. Why do many firms use cost-plus pricing for supply contracts? Firms use cost-plus or markup pricing because firms have informal understanding or implicit contracts with their long term customers...

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