moentary policy
a restrictive monetary policy is designed to shift the
Gross domestic capital formation is always greater than gross fixed capital formation
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”.
When firms bear the legal incidence of a tax, this is backward shifted while: (1) firms burden consumers by raising their prices. (2) the tax burden is borne by workers in the form of lower wages. (3) resource suppliers seek higher factor payments to
Describe when there will be a shortage of the good?
The equilibrium interest rate is determined
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
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