Consumption curve
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is equivalent to Income.
Illustrate a point on consumption curve at which APC = 1.
Answer:
APC = C/Y = 1 is possible when C = Y, that is, Consumption is equivalent to Income.
What points out revenue deficit? Answer: Revenue deficits are stated as the surplus of revenue receipts. Revenue Deficit = Revenue Expenditure - Revenue Recei
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
State the Law of supply and explain the factors that affecting supply of commodity
Can anybody suggest me the proper explanation for given problem regarding problem of scarcity in economics generally. The problem of scarcity means that the origin for each economic activity is to: (v) facilitate s
How prices allocate resources?
Tom reimburses $5.00 for a ticket to see a present hit movie. If Tom was willing to reimburse up to $7.00 for that ticket, his consumer surplus equals: (1) $5.00 (2) $2.00 (3) $7.00 (4) Tom does not receive any consumer surplus as he purchased the ticket.
What is "demand-pull" inflation?
What are the strength and weakness of using per capital national income? give explained answer for query
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
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