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?
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.
Which of the following statements is/are correct?
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The Ministry of Health and Family Welfare, Government of India, will be organizing the Asia Pacific Leaders’ Conclave on Malaria Elimination in partne...
Prague is the capital of which of the following countries?
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Consider the following:
1.Argentina
2.Mexico
3.South Africa
4.Iran
5.Malaysia
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What is Open Market Sale Scheme (OMSS)?
Which of the following states has the second largest number of members in Rajya Sabha?
Match the following: