The subject and method of statistical science. Tasks and organization of statistics in the Republic of Belarus

The word “statistics” comes from the Latin word “status”, which means a certain state, state of affairs. Statistical practice began in ancient times with the population count. The earliest evidence of this is in China and has more than 4 thousand years of history. In ancient Rome, in the qualifications (censuses), in addition to counting […]

Overall macroeconomic equilibrium

Aggregate Demand and Aggregate Supply Model (AD-AS) The equilibrium of supply and demand in the national economy is reached at the intersection of the aggregate demand and aggregate supply curves (Figure 8.2). Suppose the price level is P1. At this level, supply would be Q1 and demand would be Q2. Since demand exceeds supply, competition […]