Example sentences of "assumed to [be] [vb pp] [adv] " in BNC.
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| 1 | The rate of technical progress is assumed to be determined exogenously , which means that the steady-state rate of growth of output is unaffected by taxation ( it is equal to . |
| 2 | On the other hand , in the neo-classical version of the model , which applies when full employment is reached , the price level is determined by the nominal money supply and output is assumed to be determined exogenously . |
| 3 | He contrasts the ‘ highly developed theory of market interaction ’ with the simplistic treatment of the public sector : ‘ the ‘ public choices ’ that define the constraints within which market behaviour is allowed to take place are assumed to be made externally or exogenously , presumably by others than those who participate in market transactions ’ ( Buchanan , 1972 , p. 11 ) . |
| 4 | But intermediate taxes on production costs , like the property tax , commercial vehicle licences and employers ' national insurance contributions , are assumed to be passed on in consumer prices . |
| 5 | The variable is assumed to be distributed independently of I and N ( and of other random terms ) , and across generations , with constant mean and variance . |