What type of data clarifies the order of causality between mobile phone adoption and income growth?

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04-08-2022
Business

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What type of data clarifies the order of causality between mobile phone adoption and income growth?

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-08-15T08:13:21-04:00

The microeconomic type of data clarifies the order of causality between mobile phone adoption and income growth. Because the relationship between two particular units is going to study here. Therefore, we need to analyze a micro-economic variable.

Here we are going to study the behavior of particular item mobile phone adoption with income growth. For this purpose, the researcher divide the entire economy into smaller groups and each unit was analyzed detailedly.

To calculate revenue increase as a percent, you subtract the previous length's sales from the contemporary length's sales, after which divide that number with the aid of the previous period's sales. So, in case you earned $1 million in revenue closing year and $2 million this yr, then your boom is a hundred percent.

Economic growth – measured as the growth of people's real income – approaches that the ratio between people's profits and the costs of what they should purchase is increasing: items and services turn out to be more low priced, and people grow to be much less poor.

Learn more about Economic growth here: https://brainly.com/question/1690575

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