Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What are the “powers of the Federal Reserve
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.
Describe cost-push inflation and its major source.
Depreciation of a currency signifies fall in value of domestic currency in terms of foreign currency. Illustration: When value of rupee in terms of US dollars falls, state from Rs. 45 to Rs. 50 per dollar, it will be a condition of depreciation of Ind
What is another name of macroeconomics? Answer: Income theory
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.
Explain the concept of “economies of scale” and “increasing returns”.
The law of equivalent marginal advantage is violated when people: (1) think about paying a higher price that ensures better quality. (2) elect a general as president while war clouds threaten. (3) fail to allocate similar resources within equally valu
Briefly explain the four supply factors in economic growth?
If $9 is required to buy £2, what is the exchange rate for USA dollar? Answer: £1 = 9/2 = $4.5, i.e., £1 = $4.5.
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