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- In the Lewis Dual Sector Model, the “Lewis Turning Point” refers to:
- If price of all commodities rise in the same proportion then,
- If r xy = 0, then:
- In the Balance of Payments (BoP) accounting, a surplus in the Current Account must be matched by:
- According to the Golden Rule of Public Finance, government borrowing is justified primarily for:
- GDP= 12000, tax rate was 15% of GDP, Private savings was 12% of GDP and public savings was 360. Find consumption level of closed economy.
- Whenrxy>0,thenbyxandbxyareboth:
- Which of the following best describes the short-run Aggregate Supply (AS) curve in the presence of sticky wages?
- If a country's real interest rate (r) is higher than its real GDP growth rate ($g$), and it is running a primary deficit, the Debt-to-GDP ratio will:
- In two commodity worlds if one good is inferior then the other must be
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