Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
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Exports of goods and imports of goods find out BOT. Whenever the value of exports of goods is bigger than the value of imports of goods.
Explain all the approaches of Paul Samuelson.
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
Who rediscovered Bachelier’s thesis?
Who was 1970 Nobel Laureate in Economics?
China is a huge manufacturer of technology of telephone devices. It has lately become a member of W.T.O. that means it can sell its products in other member countries such as India. Assume that it does export a big number of telephone instruments to India:
distinguish between autonomous transactions and accommodating transactions under balance of payments
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
Autonomous or public investment: It is a type of investment that is not of profit motivated.
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
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