Ask an Economic Question

You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.

I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.

  • Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
  • Please don’t ask any maths calculations.
  • The question and answer will be published here where everyone can see it (including your teacher!)
  • I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
  • I am looking to explain economic principles / ideas/ recent developments in economics.
  •  I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers

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1,840 thoughts on “Ask an Economic Question

    1. Mainly it depend whether it is a developed or a developing country as developing country has low gdp per head because mainly it is working in agriculture which has low demand low skilled workers so productivity may fall but as for developed country it has higher gdp per head working in tertiary or secondary sector also there are other reasons as for wage differentials is within a country so maybe old will earn different from young or whether there are employed on public or private sector… Etc

  1. It is an mcq question. It says a country wants to ncrease its free trade witg other countries so what can be done to achieve this
    Higher quota on imported cars or embargo on cars from other countries or subsidies to car producers domestically answer is first one but I don’t know why could u please help me thanks in advance

  2. If the GDP of a country in a year is ~ 1 ,000, its NDP is ~ 950 and the expenditures on
    machinery and equipment, and construction are { 150 and { 100 respectively, then what
    would be its Net Fixed Capital Formation in the year?

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