Question
Which of the following facts are not true in regards to
G20? 1. It was formed in 1998 2. Formed in the backdrop of Asian financial crisis 3. Represents around 85% of the global GDP 4. Represents ⅓ of world Population Please select the correct option(s):Solution
It was formed in 1999, in the backdrop of the Asian financial crisis. The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
Which one of the following is not an assumption of Marshall’s Cardinal Utility Analysis ?
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
In a market economy
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
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