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Home » Aims of Government Policy , Economic Growth , Effects , Formula , GDP , GNP , Government as a Producer , Government Roles , Gross Domestic Product , NNP , Per Capita Income , Theme 07 , Unit 38 »

38: Gross Domestic Product as a Measure of Economic Output

Monday, February 13, 2012

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Labels: Aims of Government Policy, Economic Growth, Effects, Formula, GDP, GNP, Government as a Producer, Government Roles, Gross Domestic Product, NNP, Per Capita Income, Theme 07, Unit 38

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1.2 What determines the demand for a good or service in a market? (1)
1.3 What determines the supply of a good or service in a market? (1)
1.4 What determines the price of a good or service in a market? (1)
1.5 How might the change in price of a good or service be explained? (1)
1.6 What determines the wage rate for labour in a market? (1)
1.7 Why do some markets fail? (1)
1.8 How do governments attempt to correct market failure? (1)
1.9 What is government failure? (1)

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3.4 How can we calculate the costs of a firm? (1)
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A/L Unit 4: The Global Economy

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