Base of categorizing receipts into revenue and capital
What is the base of categorizing receipts into revenue and capital receipts?
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Answer: Revenue receipts are such which neither make a liability for the government nor decrease the assets of government like sales tax, income tax, fees, profits and so on. Capital receipts are such that either makes a liability for government or decrease assets like borrowings, disinvestment, recovery of loans and so on.
Widely accepted normative macroeconomic policy objectives include: (w) full employment and economic development. (x) allocative, productive, and distributive efficiency. (y) maximum freedom and economic profits. (z) job security and equality within th
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Please brief the knowledge what is long run supply?
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What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government. Discover Q & A Leading Solution Library Avail More Than 1416026 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1931127 Asked 3,689 Active Tutors 1416026 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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