The conceptual model of any process of price dynamics includes the interaction of three subsystems, which can be conditionally called “commodity producer”, “consumer” and “market” (Fig.7.17.). The spider-like model (model A), in which demand lags behind supply by one period: D(Pt+1)=S(Pt), also fits into the scheme of Figure 7.17. Rice. 7.17. Conceptual scheme of the […]
Tag: levels
Estimated calculations of GDP growth prospects of the Republic of Belarus
Calculation based on expected per capita GDP growth. According to statistics, in 2001 the per capita volume of GDP in Belarus amounted to 7620 USD. UNITED STATES. If we take into account that in 2002 the total volume of GDP increased by 5% and in 2003 – by 6.8%, it is possible to assume in […]