GDP
In calculating the GDP national income accountants:
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
For the firm, the major goal of profit sharing plans is to:
In saying that the present system of floating exchange rates is managed we mean that: IMF officials determine exchange rates on a day-to-day basis. countries that allow their exchange rate to move freely will lose their borrowing privileges with the IMF. the value of any IMF member's currency
Explain with examples the reasons for exceptional demand curve
what can be the minimum value of investment multiplier?
Describe when there will be a shortage of the good?
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Explain the concept of “economies of scale” and “increasing returns”.
If $9 is required to buy £2, what is the exchange rate for USA dollar? Answer: £1 = 9/2 = $4.5, i.e., £1 = $4.5.
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