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Standard parallels 45°N/S. Parallels based on Gall stereographic, but with curved meridians. Developed for Bartholomew Ltd., The Times Atlas. 1935 1966 Loximuthal: Pseudocylindrical Compromise Karl Siemon Waldo R. Tobler. From the designated centre, lines of constant bearing (rhumb lines/loxodromes) are straight and have the correct length.
The World Bank has used the Atlas method [1] since 1993 to estimate the economic size of countries based on their gross national income (GNI) in U.S. dollars. To convert a country's GNI from its local currency to U.S. dollars, the Atlas method uses a conversion factor that averages exchange rates over three years. This helps reduce the impact ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Economic graphs are presented only in the first quadrant of the Cartesian plane when the variables conceptually can only take on non-negative values (such as the quantity of a product that is produced). Even though the axes refer to numerical variables, specific values are often not introduced if a conceptual point is being made that would ...
[c] [5] A travel atlas may also be referred to as a road map. [6] A desk atlas is made similar to a reference book. It may be in hardback or paperback form. There are atlases of the other planets (and their satellites) in the Solar System. [7] Atlases of anatomy exist, mapping out organs of the human body or other organisms. [8]
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
According to economic historian A.K. Dutt, the AD–AS diagram first made its appearance in 1948 in a contribution by O.H. Brownlee to a textbook on applied economics. Also a textbook by Kenneth E. Boulding in the same year presented a diagram in output-price space, but unlike Brownlee's version without trying to solve the model; Boulding ...
An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes.