national income
Gross domestic capital formation is always greater than gross fixed capital formation
I have a problem in economics on Paradox of Value problem. Please help me in the following question. The Diamond Water Paradox occurs from the difficulties in differentiating between: (i) Consumer surplus and the total utility. (ii) Total utility and
In calculating the GDP national income accountants:
What is the role of price in market economies?
When firms bear the legal incidence of a tax, this is backward shifted while: (1) firms burden consumers by raising their prices. (2) the tax burden is borne by workers in the form of lower wages. (3) resource suppliers seek higher factor payments to
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
What does fiscal deficit in government budget mean? Answer: This means more borrowing on the portion of government.
Explain the concept of “economies of scale” and “increasing returns”.
What is the base of categorizing receipts into revenue and capital receipts?
How does an internally held public debt differ from an externally held public debt?
Economic systems differ according to which two main characteristics?
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