Market system
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b
Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
Why the borrowings by Government are taken as capital receipts?
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
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.
Whenever you dine at an “all-you-can-eat” buffet, the rational consumption prototype is to carry on eating till: (1) The restaurant goes bankrupt. (2) You have eaten as much food as it would encompass cost had you made your own meal at hom
How does an internally held public debt differ from an externally held public debt?
What is the difference among the discount rate, prime rate and the subprime rates of interest? Which interest rate in particular build the 2008 recession? Explain how that happened.
Explain the impact of changes in fiscal and monetary policies in curtailing inflation?
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