Belarus is a unitary state with a territory in207.6 thousand square kilometers, divided administratively into 6 regions (Brest, Vitebsk, Gomel, Grodno, Minsk and Mogilev). The regions, in turn, include 118 districts (Table 4). Table 4 Resource requirements by component Administrative divisionsOf the Republic of Belarus (2001) Region Territory, thousand sq. km. Population, thousand people Districts, […]
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Main macroeconomic identities
The system of basic indicators of the national product makes it possible to derive a number of macroeconomic identities. The basic macroeconomic identity (income identity) reflects the equality of income and expenditure: Y=C+I+G+Xn, where Y is income, which is equal to GNP. Other important identities are used in macroeconomic analysis. The identity of savings and […]