Econ question
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Why change in stock is considered a portion of final expenditure? Answer: The Unsold stocks left with producers are supposed as purchased by the producers themselve
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Fiscal deficit: Fiscal deficit is stated as the surplus of total expenditure over total receipts, apart from borrowings. Fiscal deficit = Total expenditure (Rev. Exp. + Cap. Exp.) – Total Receipts
Gross domestic capital formation is always greater than gross fixed capital formation
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.
What are the limitations of using GDP as an index of welfare of a country?A) The N.I. figures provide no indication of the population, skill and resource of the country. Thus the levels of welfare stay low.B) A higher N.I. migh
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
is studying economic worth your time and effort
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
Describe the fiscal measures to accurate the condition of deficient demand and excess demand. Answer: Fiscal measures are the government’s budgetary policy th
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