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 value of nominal GNP of an economy was Rs. 2,500 crores in a specific year. The value of GNP of that country throughout the same year, computed at the prices of some base year was Rs.3000 crores. Evaluate the value of GNP deflator of the year in terms of percentag
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What are the strength and weakness of using per capital national income? give explained answer for query
Bank rate: This is the rate at which the central bank loans money to commercial bank.
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
what can be the minimum value of investment multiplier?
Quetion: Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the
When in an economy intended investment is more than intended savings, then what is the consequence of it on the national income? Answer: When I > S, the level of
Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o
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