GDP
In calculating the GDP national income accountants:
What is the role of price in market economies?
Explain with examples the reasons for exceptional demand curve
Quetion: Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem
The practice explores how monetary policy influences the economy and the type of factors which are significant in finding out the Monetary Policy Committee’s decision.
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
Give a short history of how banking evolved into the sophisticated operation. Start first with the Goldsmith and sum up with the Banking system which we experience nowadays.
Question: Some commentators have argued that the failure of the "Supercommittee" is good thing for the economy? Do you argree? Answer: Q : Taxing imports-whats the problem ‘Must ‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
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