Define Macro Economics
Macro Economics: Macro economics studies the economy as an entire.
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Meaning of Fiscal policy:Fiscal policy is the set of decisions and principles of a government regarding the extent of public expenses and mode of financing them. It is about the attempt of g
The consumer gains from being capable to purchase at a single price rather than paying all that the particular quantity of the good is subjectively worth are: (i) Adverse selections. (ii) Market exploitation. (iii) Consumer surpluses. (iv) Moral hazards.
Devaluation means decrease in the external value of a country’s currency as an aware policy measure adopted by the Government of a country. In another words, we make our currency less costly in terms of foreign currency. This builds our goods ch
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Describe cost-push inflation and its major source.
Describe Aggregate Expenditure model and also state AD/AS model?
Does a surplus of AD over AS always entail a condition of inflationary gap? Answer: No. Inflationary gap takes place only if AD > AS equivalent to full employmen
Illustrate whether output generated for self consumption is comprised or not comprised in the value of output? Answer: The output generated for self consumption is
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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