GDP
In calculating the GDP national income accountants:
Bank rate: This is the rate at which the central bank loans money to commercial bank.
Macro Economics: Macro economics studies the economy as an entire.
Assume that you consume bananas and apples, and the marginal utility of the last apple consumed is 6 times the marginal utility of last banana consumed. Though, the price of apples is only 3 times the price of bananas. This disequilibrium among the two goods can be re
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
What is Demand schedule and how it is associated to demand curve?
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
In what respect foreign trade will be helpful in eliminating the adverse economic influences of deficient demand? Answer: Export increases the demand for services a
Define revenue receipts. Write the groups in which they are categorized. Answer: Any receipts that do not either make a liability or lead to reduction in assets is
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
Why is interest received classified as revenue receipt? Answer: Interest received is a revenue receipt since it does not build any liability nor it leads to the red
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