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Descriptive and inferential statistics are two branches of statistics used to a…

Parametric and non-parametric tests

Parametric and nonparametric tests are two types of statistical hypothesis tes…

Balance of Payments: Meaning and Derivation

Introduction The balance of payments is a systematic record of all economic tra…

GDP rebasing or rebenchmarking.

Periodic re-benchmarking of GDP (Gross Domestic Product) is necessary to ensure…

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Homogeneous and Homothetic Functions

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Output Gap and Macroeconomic Policy Stances

Introduction Potential output and the output gap are persistently sought econom…

Problem Definition: What, Why, and How?

A problem well-defined is a problem half-solved. Problem definition in researc…

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Potential GDP and Actual GDP of Nepal