Question
If the marginal propensity to save is 0.3 and the
marginal propensity to import is 0.1, and the government increases expenditures by Rs. 10 billion, ignoring foreign-income repercussions, by how much will GDP rise?Solution
Multiplier = 1/(1-c+m) = 1/(1-0.7+0.1) = 1/0.4 = 2.5 Change in GDP = 2.5 Change in G = 2.5 (10) = 25
Which ministry launched BharatGen, the world’s first government-funded multimodal Large Language Model initiative, in 2024?
What percentage of India’s power is still sourced from coal despite the rapid growth of renewables, and what is the planned coal capacity by 2030?
Consider the following statements:
I. The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase ...
The 2024 Francophonie Summit emphasized the importance of which emerging technology in fostering global cooperation?
Who is the Chairman of KVIC as of August 2024?
Who has been named the laureate(s) of the 2024 UNESCO/Guillermo Cano World Press Freedom Prize?
National Skill Development Corporation (NSDC) in partnership with Seva Bharti and Yuva Vikas Society, launched the second phase of Grameen Udyami Projec...
What is the primary goal of the newly launched Krishi Decision Support System (KrishiDSS)?
How many secondary users can a primary user delegate payment responsibilities to using the UPI Circle feature?
A startup known as SwiffyLabs a business-to-business (B2B) fintech company has been launched,backed by Jio Platforms is to help financial institutions l...
