Define revenue deficit
Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.
Assume that this market is initially within equilibrium along with a supply of funds consequent to S0 and a demand for loanable funds consequent to I1. When the U.S. Department of the Treasury be
When average income rises from $18,000 to $22,000 yearly and yearly gasoline consumption per household increases from 1000 to 1500 gallons, in that case the income elasticity of demand for gas is: (1) in the inferior range. (2) 0.5. (
Can someone please help me in finding out the accurate answer from the following question. When a union achieved the maximum possible hourly wage: (i) All of the members would be pleased. (ii) Employment would as well be maximized. (iii) Employment would be at minimum
In the United States, wealth appears to be: (1) more equitably distributed than income tax burdens. (2) less equally distributed than income. (3) distributed much more equally than in communist countries. (4) weak in generating income for wealthy indi
The high poverty rate in between those who do not work: (w) reflects voluntary choices for leisure over income and work. (x) is no cause for concern if it involves voluntary choice. (y) occurs since family responsibilities prevent many people from wor
Families or individuals experience involuntary poverty while they: (w) cannot rise above the poverty line since they fail to qualify for transfer payments. (x) are laid off from work throughout a widespread recession or depression. (y) lack adequate r
Assume that all such curves in below demonstrated graph are infinitely long straight lines. The supply curve which is perfectly price-elastic is: (1) supply curve S1. (2) supply curve S2. (3) supply curve S3. (4) suppl
An import tariff on Japanese cars of ac generates government revenue equivalent to: (w) trapezoid bcde. (x) rectangle P1to P2ca. (y) distance Q0 to Q1. (z) rectangle 0P2dQ2. Q : Perfect price elasticity in the short In a purely competitive industry, it tends to be perfect price elasticity within the short run: (w) market demand curve. (x) market supply curve. (y) demand for the good by a single consumer. (z) demand curve facing a single firm.
In a purely competitive industry, it tends to be perfect price elasticity within the short run: (w) market demand curve. (x) market supply curve. (y) demand for the good by a single consumer. (z) demand curve facing a single firm.
One who buys gold into London and after that sells that instantly in Boston for a higher price is: (1) monopolist. (2) capitalist. (3) speculator. (4) auctioneer. (5) arbitrageur. Can anybody suggest me the proper explanation for g
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