Receipts from taxes
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor reduction in the assets.
Why are receipts from taxes classified as revenue receipts?
Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor reduction in the assets.
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Describe cost-push inflation and its major source.
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Widely accepted normative macroeconomic policy objectives include: (w) full employment and economic development. (x) allocative, productive, and distributive efficiency. (y) maximum freedom and economic profits. (z) job security and equality within th
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Give some objective of government Budget. Answer: The objectives which are pursued by government via the budget are as follows: A) To attain economic growth. B) To decrease in equalities in income and wealth.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a reduction in quantity supplied is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D. Q : Weighed marginal cost and marginal Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
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