Even though the plane is part of GDP‚ it is not part of the basket of goods and services bought by a typical consumer. Thus‚ the price increase shows up in the GDP deflator but not in the consumer price index The second difference: ( concerns how various prices are weighted to yield a single number for the overall level of prices) The consumer price index compares the price of a fixed basket of goods and services to the price of the basket in the base year the GDP deflator compares the price of currently
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a spirited and strenuous indoor activity‚ basketball. Initially‚ teams had 9 players‚ and the objective of the game was to throw the leather ball into fruit baskets that hung from a balcony. At first‚ the janitor had to fetch the ball from the basket every time someone scored‚ but they eventually decided to remove the bottoms from the baskets. It wasn’t until 1906 that the metal hoops with nets and backboards‚ that we know today‚ were introduced. Initially‚ James Naismith published 13 rules for the
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Inflation and Unemployment Definition Inflation • Refers to a continuous rise in general price level “In inflation everything gets more valuable except money” Types of Inflation (i) Moderate Inflation or Creeping Inflation: The general level of prices rise at a moderate rate over a long period of time • A single digit inflation is considered moderate and people continue to have faith in monetary system Types of Inflation (ii) Galloping Inflation: Inflation that proceeds at an exceptionally
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1. Name two types of market failure. Explain why each may cause market outcomes to be inefficient. Market Power- In some markets‚ a single buyer or seller may be able to control the market prices. Market Power can cause inefficiency because it keeps the price and quantity away from the equilibrium of supply and demand. Externalities- The impact of one person’s actions on the well-being of a bystander. Since buyers and sellers do not consider these side effects when deciding how much to consume
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I. Nature and objectives of economic and monetary union Economic and Monetary Union (EMU) is an advanced stage of economic integration‚ which is characterized by the implementation of a common currency and economic policy at EU level and logical complements the creation of the single market. Can be defined six stages of economic integration: 1. Preferential Trade Area (with reduced customs tariffs between certain countries) 2. Free Trade Area (no internal tariffs on some or all goods between
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Raymond Santos Lawson English 100 14 October 2012 I Do It for the Ratchets “Ugh‚ she so ratchet‚” a common phrase when hitting the club or scrolling through any social media site. No‚ they’re not referring to the mechanical tool or the beloved Transformers character‚ their inferring to the new slang term that has established itself within a generation’s vocabulary. But how exactly does an everyday term such as ratchet become so twisted to the point where it’s new meaning no longer resembles
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After all...’ Jean noticed the other woman giving an accompaniment of nods and headshaking at the appropriate parts. They fell into silence and the queue moved forward a couple of steps. Jean felt her patience beginning to itch. Looking into her wire basket she counted ten items. That meant she couldn’t go through the quick till but simply had to wait behind elephantine shopping loads; giant bottles of coke crammed in beside twenty-pound bags of potatoes and "special offer" drums of bleach. Somewhere
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but the janitor didn’t have any‚ but he gave him two peach baskets. Basketball has developed a lot since its founding. The first ever basketball game ever ended with a score of 1-0. Before they used a basketball they used a soccer ball. They started with peach baskets‚ cut the bottom‚ added backboards‚ and then ten years later came the open nets we used today. In the regular season they played 150 games up in until 1963 league. Each basket was three points. In 1949 there were two professional leagues
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dribbled once and went into his shooting form. Yusuke held up the ball in front of his face and released. The ball made a perfect arc and went into the basket without touching the rim. Swish! “Nice shot!” the coach yelled. The next possession‚ Yusuke stole the ball and passed me the ball. “Shoot!” he screamed. So‚ I shot. The ball went under the basket and bounced. “Dang it.” I said under my breath. “Nice try!” Yusuke and coach said. The game went on. Red would score‚ then‚ white would score‚ and so
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Fairy Powder Non Bio 38 Wash 3.04Kg £11.00(£3.62/kg) Add to basket ------------------------------------------------- Top of Form Quantity Bottom of Form * Goes nicely with Goes nicely with * ------------------------------------------------- Ariel Stain Remover Blue Powder 920G ------------------------------------------------- £8.58(£9.33/kg) ------------------------------------------------- Add to basket ------------------------------------------------- Top of Form -------------------------------------------------
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