Computing Fiscal deficit
In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?
Expert
Primary deficit = Fiscal deficit – interest payments
=>Fiscal deficit = Primary deficit + Interest payments.
= 10,000 + 8,000 = 18,000 crores.
Describe when there will be a surplus of the good?
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Whenever consumers paid an amount for water which reflects the value of the net benefits they obtain from consuming it, water would outcome: (1) Maximum consumer excess. (2) Zero consumer excess. (3) Total revenue equivalent to variable cost. (4) Zero
Imperfect information at times causes consumer’s attempts to maximize their contentment to fail since: (i) Prospects are imperfectly realized, and trial-and-error prototypes can lead to mistakes. (ii) Sellers might exploit asymmetric information
In market economies, what are the signals which guide economic decisions?
The basic determinant of the transactions demand for money is the
With the general equilibrium framework in place, the stage is now set for introducing fiscal and monetary changes and analysing their effects on the general equilibrium. We will first introduce a fiscal change in the form of increase in deficit-financed expenditure, a
use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges?
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
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,
18,76,764
1934308 Asked
3,689
Active Tutors
1441452
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!