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None of the above statements except 2 is correct according to the Economic Survey 2017. Statement 3 is preceded by a condition that ‘if’ farmers’ incomes have to be doubled by 2022, then you need a growth rate of at least 12 per cent per annum in agriculture.
The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
In a situation when MRS>Px/Py, the consumer would react by:
For which preferences the income offer curve and the price offer curve are equal?
Park Test is used for which of the following?
Real Wages = 500, Consumer price index = 1.2. Calculate nominal wages?
The df value for a chi-square for is based on-
List – I | If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get What will be the value of P(not E) if P(E) = 0.07? Relevant for Exams: |