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.
Most economists believe such that people increase an activity when they perceive the expected additional benefits as exceeding the expected extra cost, but decrease their level of an activity whenever they believe the benefits from the last few units of the activity a
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
When cost of a foreign currency increases its supply too increases. Elucidate why?
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
Define the term Supply curve.
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.
Implication of Fiscal deficit A) It raise the supply of money in the economyB) It rises financial burden for future generation.C) It is the cause of inflation.
Explain the term Shut Down Price? Illustrate it.
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
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