Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Explain the concept of “economies of scale” and “increasing returns”.
Evaluate the value of fiscal deficit when primary deficit is 53,000 crores and interest on borrowings is Rs 5,000 crores?
Briefly explain the four supply factors in economic growth?
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
What occurs to economy, when credit availability is limited and credit is made costlier? Answer: Aggregate demands falls
Describe cost-push inflation and its major source.
The consumer reaches equilibrium for any two goods X and Y whenever the: (1) MUx/Px = MUy/Py. (2) MUx/MUy = Py/Px. (3) Utility from X equivalents the utility produced by Y. (4) Point of diminishing returns is arrived at. Can someon
What points out revenue deficit? Answer: Revenue deficits are stated as the surplus of revenue receipts. Revenue Deficit = Revenue Expenditure - Revenue Recei
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
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
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