Question
When Pi is productivity per unit input of the limited
or non-renewable resource, Si is alteration in soil properties, Wi is change in water resource and quality, Ci modification in climatic factor and t is the time, the index of sustainability (Is) can be computed asSolution
Index of sustainability is computed as Is = f((Pi × Si × Wi × Ci) / t)
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In a situation when MRS>Px/Py, the consumer would react by:
In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
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For which of the following consumption functions, the value of income multiplier, k=5?
Walraw’s Law states the following:
Price rigidity or interdependence of firms is a phenomenon witnessed in which market structure?
Labour theory of value was propounded by
                               I.           Adam Smith
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