Saturday  September 30, 2023
 AmosWEB means Economics with a Touch of Whimsy!
 BLS: The abbreviation for the Bureau of Labor Statistics, an agency of the U.S. Federal government, specifically a branch of the U.S. Department of Labor, that compiles and reports a wide range of economic data and measurements. At the top of their list of important economic numbers maintained by the BLS are the unemployment rate (and related measures) and the Consumer Price Index (and related measures). Economists rely heavily on the BLS to provide data needed to evaluate and analyze the macroeconomy.
 Most Viewed (Number) production stages (513)limited resources (182)monopoly, problems (179)marginal physical product (178)perfect competition, characteristics (166) Visit the WEB*pedia

 Lesson 14: Production | Unit 2: Production Measures Page: 7 of 25

 Topic: Average Product <=PAGE BACK | PAGE NEXT=>

• A definition of average product:

• Average product is the quantity of total output produced by a firm per unit of a variable input.
• Average product is simple the average amount of output produced per worker.

• Here's a formula for calculating average product from total product:

 average product (AP) = total productvariable input

| | |

INDUCED IMPORTS

Imports from the foreign sector that depend on domestic income or production (especially national income and gross domestic product). That is, changes in income induce changes in imports. Induced imports are measured by the marginal propensity to import (MPM) and are reflected by a positive slope of imports line. Induced imports are the reason for induced net exports, generating a negatively sloped net exports line. Autonomous net exports are due to a combination of autonomous exports and autonomous imports.

 BROWN PRAGMATOX[What's This?] Today, you are likely to spend a great deal of time wandering around the shopping mall seeking to buy either a coffee cup commemorating the 1960 Presidential election or a how-to book on fixing your computer, with illustrations. Be on the lookout for jovial bank tellers.Your Complete Scope
 Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
 "I believe that every right implies a responsibility, every opportunity, an obligation, every possession, a duty. "-- John D. Rockefeller, industrialist
 APTArbitrage Pricing Theory
 Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

| | | | | | | | | | |
| | | |

Thanks for visiting AmosWEB