A worker earned Rs. 900 per month in 1980. The cost-of-living index increased by 60% between 1980 and 1984. How much extra income should the worker have earned in 1984 so that he could buy the same quantities as in 1980?
Cost of living tndex = consumer price Income income in 1980 = Rs 900/ Month Total Tncome (Annual) = 900 `xx12` = Rs 10800 `P_(8084) = 160` ` ` Extra income the worker has earned = 1440 - 900 = 540/ Month
Mahalanobis model is –
Which of the following statement is correct?
1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there is no auto-correlation in the series. 2. If moving average component (q) in an ARIMA model is 1, it means that there is auto-correlation in the series with lag 1. 3. If integrated component (d) in an ARIMA model is 0, it means that the series is not stationary.
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation with ____ increase in the nominal interest rate.
If X(bar) = 25, Y(bar) = 120, bxy = 2. Find the value of X when Y=130?
A central bank decides to increase money supply. For a given price level, the LM curve is expected to