LORENZ CURVE
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
Managed floating rate system: This is a system in which foreign exchange rate is found out by market forces and central bank is a key contributor to stabilize the currency in condition of tremendous appreciation or depreciation.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Who was 1970 Nobel Laureate in Economics?
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
State the items that are not involved in the current account of India’s Balance of payment. Answer: The capital transactions is in the form of direct and portf
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
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