national income
Gross domestic capital formation is always greater than gross fixed capital formation
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Suppose the value of exports of goods of a country is Rs. 1,000 crores and the value of imports of goods is Rs. 1,200 crores, what will be the trade balance (or balance of trade)?
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
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
What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl
Does full employment take place if AD = AS or S = I?
The Financial Account captures international fund flows due to
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
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.
A tax is shifted forward when the tax burden causes the: (w) consumers to pay higher prices. (x) lower purchasing power for the party bearing the legal incidence. (y) workers to experience lower take home wages. (z) decreased dividends to corporate st
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