Which of the following statements is/are not correct in regards to budget?

1. Budget came from a Spanish word “baguette” which means a small bag
2. James Wilson from the East India Company India's first formal budget was presented under the British Empire in 1860.
3. The railway finances were separated from the general government finances in 1924 for the 1st time in British India

If the currency-deposit ratio equals 0.5 and the reserve-deposit ratio equals 0.1, then the money multiplier is

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.

What is the elasticity of demand given by x=100-50p at price = 10?

To gauge the sacrifice made by a taxpayer, we should use the _____ tax rate. 

Consider the following:

Statement 1: There exists an inverse relationship between market rates of interest and price of bond

Oligopolies can end up looking like competitive markets if the number of firms is 

You are given the following data for national economy of a country Y:

Equilibrium GDP is $6000 million.

MPC is 0.8

The profit-maximizing monopolist will choose the price and quantity represented by point

Which of the following statements is incorrect?

A two-person zero-sum game means that the