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
The consumer reaches equilibrium for any two goods X and Y whenever the: (1) MUx/Px = MUy/Py. (2) MUx/MUy = Py/Px. (3) Utility from X equivalents the utility produced by Y. (4) Point of diminishing returns is arrived at. Can someon
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
What are the strength and weakness of using per capital national income? give explained answer for query
Bank rate: This is the rate at which the central bank loans money to commercial bank.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What are the “powers of the Federal Reserve
A flat rate income tax for all levels of income along with no exceptions would be taken as a: (i) proportional tax. (ii) progressive tax. (iii) regressive tax. (iv) common tax. Can anybody suggest me the proper exp
The direct economic resources a farmer employs to generate avocadoes would not comprise: (I) human capital in form of expertise regarding growing avocadoes. (II) fertile land. (III) loans from a bank to finance SUCH year’s crop. (IV) machinery,
Explain the concept of “economies of scale” and “increasing returns”.
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.
18,76,764
1945897 Asked
3,689
Active Tutors
1461205
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!