Formula for primary deficit
What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.
What is the formula for primary deficit?
Answer: Primary deficit = fiscal deficit – interest payment.
Given that a MU of French fries of 35 utils and a MU for serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, the person who wants to maximize utility from the consumption of both of such goods would consume: (i) The similar amount of
The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, but perfectly elastic to farmers as a group.
Siberian Software vends custom programs to the multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberian’s programmers produce a marginal revenue product equivalent to around: (i) $21 per hour. (ii) $25 per hour. (iii) $
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
I have a problem in economics on Efficiency Wages problem. Please help me in the following question. The Efficiency wages: (i) do not maximize firm profit. (ii) Cause involuntary unemployment. (iii) Are paid due to adverse selection. (iv) Are never se
What will be the consequence of a rise or fall in the bank rate on money supply? Answer: It will reduce or raise the money supply.
When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos
Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.
While this firm maximizes economic profits, in that case marginal revenue and marginal costs would be: (1) $4 per unit. (2) $6 per unit. (3) $8 per unit. (4) $10 per unit. (5) $12 per unit.
When physically and mentally capable individuals who are born in impoverished families fail to work after they develop up but since they can rely on charity, in that case they are experiencing: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove
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