GDP
In calculating the GDP national income accountants:
What is "demand-pull" inflation?
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
Explain the concept of “economies of scale” and “increasing returns”.
Threats of SWOT analysis: • Possible threat from other banks and other financial institutions • There is always a possible threat of market fluctuations. By this we me
Economic systems differ according to which two main characteristics?
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
Describe when there will be a surplus of the good?
From the heterodox approach, what options does the enterprise have to produce more output? What impact do these options have on its cost structure?
When total revenue to a firm is unaffected by small price modifications, then demand is: (i) Relatively price elastic. (ii) Relatively price inelastic. (iii) Unitarily price elastic. (iv) Vertical. (v) Horizontal. Can someone help
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