What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?
What are the main sources of supply of foreign currencies into domestic economy? Answer: A) Foreigners purchasing home country’s goods and services via exports. B) Foreign investment in home country via
Does full employment take place if AD = AS or S = I?
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
What points out revenue deficit? Answer: Revenue deficits are stated as the surplus of revenue receipts. Revenue Deficit = Revenue Expenditure - Revenue Recei
Use the principles of supply and demand to address a predetermined goal (set by the student) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is.
What stage of the business cycle is our economy experiencing at present time? proof your answer.
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
The basic determinant of the transactions demand for money is the
18,76,764
1931362 Asked
3,689
Active Tutors
1438340
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!