If the fiscal deficit of an economy be 3% of GDP and if the current account deficit also be 3% of GDP in a particular year for that economy, then its aggregate saving must be equal to aggregate investment. The above statement is
The given statement is true. Fiscal deficit is equal to the borrowings made by the government and current account deficit signifies the excess of imports over exports. Borrowings of government will increase money supply by 3% and the current account deficit will decrease money supply by 3%. So, the economy will be at equilibrium and AD = AS or S = I.
President Smt. Draupadi Murmu released a postal stamp in whose memory?
Which of the following IIT has entered the list of top 50 institutions for engineering in the QS World University Rankings by Subject 2023?
Consider the following statements aboutAbdul Kalam Island:
1. Recently DRDO, decided to pause missile testing at Kalam Island during th...
Jindal Stainless (JSL), has completed the acquisition of Jindal United Steel (JUSL) by acquiring the remaining 74% stake for________
What does the CBRE report reveal about the demand for industrial and logistics spaces in India in 2023?
The Election Commission is organizing a _______ offline hackathon, Electhon 2023, to address critical issues in the electoral process being held at the ...
Recently Infibeam avenue received a _______ licence from RBI for Bharat Bill Payment.
________ has signed an agreement with the Government e-Marketplace (GeM) to help MSMEs in supplying their products and make procurement through the on...
State-run Power Finance Corporation has raised _______ through the issuance of three-year bonds at a rate of interest of 7.37%.
What is the key objective of the collaboration between the Ministry of Rural Development ( MoRD ) and Reliance Retail ’ s JioMart?