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Economic growth is generally defined as a sustained increase in per capital national output over a long period of time. It implies that for economic growth of a nation, the rate of increase in its total output must be greater than the rate of population growth. It ma
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
Define revenue receipts. Write the groups in which they are categorized. Answer: Any receipts that do not either make a liability or lead to reduction in assets is
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
If households become more willing to hold less cash and more stocks or bonds, the
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
The demand for a resource will increase if the
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
Macro Economics: Macro economics studies the economy as an entire.
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
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