Value added technique for national income
What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.
What is the alternative name of value added technique of estimating national income?
The alternative name of value added technique of estimating national income is production method.
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
What do you mean by the term Competitive market?
‘The country is at present in recession and this has led to worse tax revenue and high expenses. The effect is a huge deficit. The government decides to increase taxes and lower government expenses. Is this an excellent idea?’
Macro Economics: Macro economics studies the economy as an entire.
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
Bank rate: This is the rate at which the central bank loans money to commercial bank.
A change in tax rate changes the IS equation, LM equation remaining the same. Let same, let us suppose that the government raises the tax rate from 20 percent to 25 percent<
For every value of real GDP, actual investment equals? A. Planned Investments B. The difference between planned investments and actual saving. C. The difference between planned saving and actual saving. D. Planned Saving
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
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