systems of note issue
how many systems of note issue are there??
In calculating the GDP national income accountants:
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
Between 1961 and 2007, the rising share of the Canadian population in paid employment contributed to rising GDP per person. But suppose that the share of the Canadian population in paid employment had remained constant between 1961 and 2007. What would Canadian GDP pe
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Describe when there will be a shortage of the good?
Elucidate the concept of deflationary gap. Answer: Deflationary gap is the deficit in aggregate demand from the level needed to maintain full employment equilibrium
What happens when AD > AS past to full employment level of employment?
In market economies, what are the signals which guide economic decisions?
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