systems of note issue
how many systems of note issue are there??
What is the base of categorizing receipts into revenue and capital receipts?
Explain the concept of “economies of scale” and “increasing returns”.
Imports and American cars are much close however not perfect replacements. When the U.S. govt. tried to enhance American car sales by setting a price ceiling of P1 on imported cars: (i) The quantity of cars imported will drop/fall from Q0 to Q1. (ii)
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Economic growth is measured by the rate of increase in national output, GDP. The output depends on inputs -labour, capital technology etc. the theories of economic growth bring out how and to what extent each input or factor contributes to the g
Describe whether the sale of old scooter is comprised in national income?
Why the repayment of loan is a capital expenditure? Answer: Repayment of loan is taken as a capital expenditure since it diminishes the liabilities of Government.
In calculating the GDP national income accountants:
What is Supply schedule and how it is related to supply curve?
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
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