Calculating National Income
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.
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
What are the conditions through which the supply curve will shift?
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
What is Supply schedule and how it is related to supply curve?
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
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