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"rate of economic growth" - the annual percentage increase in real GDP, which is one of the government's main macroeconomic objectiv...

Diagrammatically, this is where the demand and supply curves meet. The demand curve shows the quantity demanded by consumers at different prices, and the supply curve shows the quantity producers are w...

Direct taxes are paid to the government straight from the individual or group taxpayer. E.g income tax (comes straight from the individuals' income) or corporation tax (comes straight ...

E.g. Evaluate how would a fall in interest rates effect economic growth.Start by defining the key terms - economic growth, possibly interest rates very briefly.Draw a diagram showing Aggregate Demand shif...

Game Theory explains pricing strategy of firms that are in an oligopolistic market. This means that the market is dominated by a small number of large firms. For example, large airline providers such a...