Creation of assets or reduction of liability
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
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Answer: Revenue Expenditure does not effect in creation of assets or reduction of liability. These expenditures are incurred for normal running of govt. departments and maintenance of services. For instance: salaries, old age pensions, interest payments, subsidies, grants and so on.
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
What is the base of categorizing receipts into revenue and capital receipts?
The consumer reaches equilibrium for any two goods X and Y whenever the: (1) MUx/Px = MUy/Py. (2) MUx/MUy = Py/Px. (3) Utility from X equivalents the utility produced by Y. (4) Point of diminishing returns is arrived at. Can someon
What points out zero primary deficits? Answer: Zero primary deficits signify that the government has to resort to borrowings simply to make interest payments.
What are the conditions through which the supply curve will shift?
‘What occurs in the money market when there is a raise in income?’
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Explain evaluation of net present value (NPV) and internal rate of return (IRR) in brief?
The basic determinant of the transactions demand for money is the
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