Question
In each of the following questions, an idiomatic
expression/proverb has been given in bold– followed by four alternatives. Choose the one which best expresses the meaning of the bolded idiom/proverb. He always tries to get the ball rolling at meetings.Solution
"Get the ball rolling" means to begin an activity or task or to get something started.
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
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.
In two commodity worlds if one good is inferior then the other must be
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
Consider two independent random variables: X~N(5, 4) and Y~N(3, 2). If (2X + 3Y)~N(μ, σ2), then the values of mean (μ) and variance (�...
In the Solow Model, what is the impact of an increase in the savings rate on the steady state level of capital per worker?
According to the Principle of Equal Marginal Sacrifice proposed by Hugh Dalton, an optimal income tax structure is one where:
In which of the following case , the production cost curves shifts downward?
"Ricardo's comparative advantage theory states that...?"
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