Question
A man can row a boat at 8 km/h in still water. If the
speed of the water current is 2 km/h and it takes him 2 hours to row to a place and come back, how far off (in km) is the place?Solution
1. Let d be the distance to the place. 2. Speed downstream = 8 + 2 = 10 km/h and speed upstream = 8 − 2 = 6 km/h. 3. Total time for the trip is 2 hours. So, 
4. Solving for d: 
If two or more than two goods are used to satisfy the same want, they are called
An inferior good is one for which an increase in income causes a(n)
Which of the following statement is correct with respect to inflation in Indian economy?
In India what is the current base year being used for the calculation of GDP?
Which of the following should be excluded while calculating Gross national Product?
Income effect states that as price of a good falls, demand rises since there is rise in
Which of the following is not a method to calculate GDP?
Which one of the following transactions will be considered as a transfer payment?
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
What is the name given to the difference between value of output and value added?
Relevant for Exams:
