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.
The consumer maximizes the utility whenever spending patterns causes: (i) Total outlays to increase each time prices are altered. (ii) Marginal utilities of each and every good consumed to be equivalent. (iii) Marginal utilities from the last cent spent on each and ev
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
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‘What occurs in the money market when there is a raise in income?’
Bank rate: This is the rate at which the central bank loans money to commercial bank.
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
Describe the fiscal measures to accurate the condition of deficient demand and excess demand. Answer: Fiscal measures are the government’s budgetary policy th
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Explain the main features of Harrod - Domar Growth model. How does the Harrod Domar model explain the occurrence of trade cycles?
Define Break Even point? Elucidate with the help of saving function. Answer: Breakeven point is a point where consumption equals to income and saving is equivalent t
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