BUS 200 Study Guide - Quiz Guide: Gross National Income, Purchasing Power Parity, Sustainable Development
Document Summary
The total income from all the final products and services produced by the national economy, including income of national residents from their overseas investments. Purchasing power parity (ppp) is used in conjunction with gni and gnp as it more accurately reflects: Strong economic growth is associated with all but which one of the following: The short term fluctuations of the business cycle are divided into four phases that are: The country"s exports will become less competitive in global markets. The section of the population willing to work but unable to find employment. The current account of the balance of payments is made up of. The merchandise trade account and service account plus the profits and interest earned from overseas assets. Where a single firm has control of the market it is called: A few large producers who dominate a market. Strong state intervention and bureaucratic regulation of business. Because it has market elements and state controls.
