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The serious external payments crisis that struck in 1991 could be attributed mainly to the highly expansionary fiscal policy pursued since the mid-1980s that caused some serious distortions in macroeconomic management of both the domestic and external sectors. This was exacerbated by certain coincidental geopolitical developments. The early reform measures introduced from the mid-1980s were implemented without an overarching framework, resulting in the emergence of macroeconomic distortions. The fiscal deficit as a percentage of GDP enlarged to 9.4 per cent in 1990–91 as against the average of 6.3 per cent in the first half of the 1980s.
If {x + (1/x)} = 7, then find the value of {x2 - (1/x)2}.
If x2 – 8√2x + 1 = 0, then what is the value of x3 + 1/x3.
In a best-of-two chess match between Player X and Player Y, the probability that Player X wins a game is (5/9), and the probability that Player Y loses ...
A carriage travelling in fog passed along a man who was walking @ 6 km/hr in the same direction. He could see the carriage for 8 minutes and it was visi...
Before servicing, a car runs at a speed of 25 km/hr while after servicing, it runs at a speed of 50 km/h. After servicing the car covers a certain dista...
Out of total number of people in an office, 40% are males. Ratio of number of married to that of unmarried people in the office is 3:2 while ratio of nu...
If (a + b)2 = 18 + c2, (b + c)2 = 22 + a2 and (c + a)2 = 24 + b2, then find the va...
If both the roots of x 2 + kx + 49 = 0 are real and equal, then find the value of 'k'.