Calculating Trade balance
Suppose the value of exports of goods of a country is Rs. 1,000 crores and the value of imports of goods is Rs. 1,200 crores, what will be the trade balance (or balance of trade)?
Expert
Balance of trade = value of exports – value of imports = 1,000 – 1,200. = Rs. - 200 crores
Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b
The demand curve for DVD games is a straight line, therefore its slope: (1) Is constant, although price elasticity of demand drops/falls as output increases. (2) Price elasticity are both stable. (3) Is constant, although price elasticity of demand increases as the pr
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
Determine the value of total receipts of government budget when budget deficit is Rs 2,000 crores and the net expenses is Rs 3,000 crores.
Reallocation of resources: In case, the market economy fails or does not attain the desired social objectives, the government has to interfere via budget and reallocate resources accordingly. Through its budgetary
For the firm, the major goal of profit sharing plans is to:
Describe when there will be a shortage of the good?
If the price of K declines, the demand curve for the complementary project J will:
What possible fiscal policy actions can be taken with respect to expenses and income to accurate excess demand and deficient demand in economy? Answer:
18,76,764
1935387 Asked
3,689
Active Tutors
1459522
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!