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## How to calculate expenditure elasticity

The expenditure elasticity is a measurement of how expenditure on a good changes in response to a price change. The…

## Cross price elasticity of demand

Suppose that the cross elasticity of demand for Good X and Good Y is positive 2. What does this tell…

## Types of price elasticity of demand

The elasticity of demand () measures the responsiveness of demand to a change in price. It is defined as the…

## Net foreign investment formula

Net foreign investment (which is also referred to as net capital outflow) is the total amount of investment overseas done…

## Natural rate of unemployment

The natural rate of unemployment or Non-Accelerating Inflation Rate of Unemployment (NAIRU) is the rate of unemployment at which inflation…