Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
How can governments seek to control their national economies through fiscal and monetary policies?
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
How will you treat the given in estimating rational income of India? Provide reasons for your answer. (i) The value of bonus shares received by the shareholders of a company.(ii) Interest received on loan pro
Involuntary unemployment: Involuntary unemployment terms to a condition in which people that are willing to work are unable to obtain work.
Describe the fiscal measures to accurate the condition of deficient demand and excess demand. Answer: Fiscal measures are the government’s budgetary policy th
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
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