principles of macroeconomics
Explain the concept of “economies of scale” and “increasing returns”.
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
In calculating the GDP national income accountants:
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a rise in demand is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D. Q : Money-just another good ‘What occurs in ‘What occurs in the money market when there is a raise in income?’
‘What occurs in the money market when there is a raise in income?’
Explain the term Shut Down Price? Illustrate it.
What relationship does the MPC bear to the size of the multiplier? The MPS? What will the multiplier be when the MPS is 0, .4, .6, and 1
Question: Suppose firm 1 and firm 2 merge. Call the new firm A. It has output xA and profit πA. Suppose there is Cournot competition after the merger. For now, we assume that the marginal cost of Firm A, the mer
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