GDP
In calculating the GDP national income accountants:
What is meant by the term business cycle as described by economists?
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
What are the “powers of the Federal Reserve
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
As longer time periods are taken and a bigger range of adjustments (or substitutions) become obtainable, then demand curves tend to become: (1) flatter, as supply curves become steeper. (2) Steeper as supply curves become flatter. (3) Flatter, and therefore do supply
Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit
Explain the concept of “economies of scale” and “increasing returns”.
In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?
Describe Aggregate Expenditure model and also state AD/AS model?
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