nnp – indirect taxes nnp – subsidies nnp + indirect taxes subsidies nnp – indirect taxes + subsidies the nominal gdp of a certain country in 2010 was $80 billion and in 2013 was $64 billion. The term goods are scarce means?

there is no supply of goods there is no demand of goods goods are limited relative to desires goods are expensive because of shortage when demand is price inelastic, a price decrease _.

reduces total revenue increases total revenue reduces total demand increases total demand as the amount of a good consumed increases, the _ of that good tends to diminish. When a country’s currency falls in value relative to that of another country, the first country’s currency has undergone _.

depreciation appreciation devaluation revaluation fpsc economics lecturer test sample questions page 5. Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production? 2.

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2011 Hsc Standard English Paper

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