Question
The difference between Gross Domestic Product (GDP) and
Net Domestic Product (NDP) is ___________ .Solution
GDP is the monetary value of all final goods and services produced in the country. The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods.
Type II error occurs when
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
If elasticity is ‘e’, and price of the product is B, MR=?
In the basic Solow model of growth
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
A Lerner Index of 0 indicates which of the following market conditions?
A dice was rolled 3 times. What is the probability of getting 5 at least once?
What is the supply curve of a firm in Perfect Competition?
A monopolist is facing a downward sloping linear market demand. His variable cost of production is zero. The profit maximizing price will
Which of the following statements is correct regarding Mutual Fund?
