Question
An economy’s output in year 0 is 10 percent below its
maximum potential output and the maximum potential output steadily increases at the rate of 5 per cent per annum after that. In such circumstances, for how many years would it be possible for that economy to maintain a 6 percent per annum rate of growth of actual output?ÂSolution
Solution The economy would not be able to maintain 6% per annum rate of growth of actual output, because the rate of growth in potential output is below the rate of actual growth desired.
A successful training launch of a short-range ballistic missile, Prithvi-II, was carried out from _____.
Where has India’s first organic fish cluster been launched?
The merger of Vistara with Air India involves multiple stakeholders. What percentage of the merged entity will be held by Singapore Airlines?
Recently Nepal and which among the following has signed an agreement of USD 659 million for Nepal’s development assistance?
On 4th January, 2023, which state celebrated the Gaan Ngai festival which is the major festival of the state.
What document was implemented during the visit of Sultan Sultan Haitham Bin Tarik in Dec 2023, leading to a Memorandum of Understanding (MoU) between In...
Which region in India is primarily associated with black soil? Â
What events did India successfully conclude hosting related to the Antarctic Treaty in 2024?
Who among the following was elected as the President of Veterinary Council of India in January 2021?
_____________ won the men’s ICC Player of the Month award for December.
