GDP in economics Canvas of GDP GDP is a topic that everyone is interested in, but don’t get too worked up over it. What exactly is GDP in Economics? This problem is addressed everywhere, from TV talk programs to private meetings, by young and old, men and women, laymen and experts, politicians, and economists, and …
Productive Capacities Index (PCI) of UNCTAD After decades of extensive research and policy analysis, the United Nations Conference on Trade and Development (UNCTAD) was able to create the Productive Capacities Index (PCI) as a productivity assessment. A multidimensional index that can offer country-specific insights and diagnostics on the growth of productive capacities, the index is …
Elements in constructing Productivity Measurement and National Income Read More »
Monetary Policy Tools Every central bank has four main monetary policy tools at its disposal to control the money supply and maintain price stability in the economy; however, most central banks have many more. The four primary tools and how they work together to support healthy economic growth are outlined below. The central bank’s principal …
Tax evasion definition Nonpayment of tax as a result of failure to file a return without reasonable cause, or underpayment of tax as a result of submitting an incorrect return due to gross negligence or fraud, or omission, understatement of income, or the deduction of an inadmissible or fictitious expenditure, or loss are all examples …
An economist is a specialist who studies the link between a society’s resources and its output or production. Economists study a wide range of societies, from small local communities to entire countries and even the global economy. An economist’s expertise and research findings are used to shape a wide range of policies, including interest rates, …
Economist whose ideas are transforming the world Read More »
Estimation of Demand and forecasting By specifying the Regression Equation and Obtaining the Data, determine all the factors that may influence the demand for a specific good or service before estimating it. Assume we wanted to estimate cell phone demand among students at various educational institutions in Karachi, Pakistan. What factors are most likely to …
Articles on the Economy currency value of PKR: Reasons and Causes of PKR Depreciation There are numerous elements and factors that influence the determination of the exchange rate. Exchange rates are relative terms and expressed as a comparison of two currencies to each other. 1. Differential in inflation with trading countries, low inflation rates tend …
Transmission Mechanism of Monetary Policy Any country’s central bank provides funds to the banking system and charges interest. Given its monopoly on money creation, the central bank has complete control over the interest rate. The State Bank of Pakistan provides funds to the banking system by charging a three-day reverse repo rate (also known as …
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