Due to increase in National Income via exports the economy starts to growth.
Depending on just one export for income, usually a natural resource such as copper, oil or tropical fruits.
This will depend on whether this increase is temporary or permanent (winning the lottery or increased salary). A temporary increase in income will mainly lead to a temporary increase in savings, whereas a permanent increase in income will increase current consumption. This is referred to as the permanent income hypothesis.
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Depending on just one export for income, usually a natural resource such as copper, oil or tropical fruits.
causes less export more import thereby reducing the country's current account
Due to increase in National Income via exports the economy starts to growth.
Export benefit needs to be added in the net income
progressive
progressive
This will depend on whether this increase is temporary or permanent (winning the lottery or increased salary). A temporary increase in income will mainly lead to a temporary increase in savings, whereas a permanent increase in income will increase current consumption. This is referred to as the permanent income hypothesis.
Depending on just one export for income, usually a natural resource such as copper, oil or tropical fruits.
Bampihirang pagtaas/paglaki ng export
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Oil
Export of ready-made garments
Depending on just one export for income, usually a natural resource such as copper, oil or tropical fruits.