Question
What economic indicator is derived by subtracting
depreciation from the Gross National Product (GNP)?Solution
Net National Product (NNP) is calculated by deducting the depreciation charges from the Gross National Product (GNP). This adjustment accounts for the wear and tear on the nation's capital assets, providing a clearer picture of the economic value generated within a specific period.
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
The equation for a supply curve is P = 3Q – 8. What is the elasticity in moving from a price of 4 to a price of 7?
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?Â
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
Which of the following is not an example of market failure?
What does the Purchasing Managers' Index (PMI) measure?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
In the Classical model, what is the shape of the Aggregate Supply (AS) curve in the long run, and why?
An investor who expects a stock price to fall significantly might use which strategy?
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