What are the strength and weakness
What are the strength and weakness of using per capital national income? give explained answer for query
Macro Economics: Macro economics studies the economy as an entire.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than
Describe the fiscal measures to accurate the condition of deficient demand and excess demand. Answer: Fiscal measures are the government’s budgetary policy th
What occurs to aggregate demand if the government budget is in deficit? Answer: The deficit budget raises the aggregate demand since the deficit budget signifies th
Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government. Q : Surplus of the good Describe when there Describe when there will be a surplus of the good?
Describe when there will be a surplus of the good?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
‘The country is at present in recession and this has led to worse tax revenue and high expenses. The effect is a huge deficit. The government decides to increase taxes and lower government expenses. Is this an excellent idea?’
Adam Smith disputed that a nation’s wealth is, not the gold it possesses, but instead its: (1) Total population. (2) Capability to offer goods for its people. (3) Domestic financial capital. (4) Foreign investments. (5) Military might.
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