5 MOL! — The Miracle of Capitalism

The implications of what we discussed yesterday are profound for modern society. Most of you reading this will end up working in specialised jobs that take advantage of your unique talents. For your skills to add value to society, you don’t have to be the best1; you just need to have a comparative advantage.

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2014 A level H2 Economics Review: Macroeconomics Qn 4

The following data relate to the Singapore economy in 2011

$ billion
Private Consumption Expenditure 129
Gross Fixed Capital Foundation 77
Government Consumption Expenditure 34
Exports of goods and services 531
Imports of goods and services 444
GDP 327

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