Question
On which date was the Goods and Services Tax (GST)
implemented in India?Solution
The Goods and Services Tax (GST) was implemented in India on July 1, 2017. This tax reform introduced a single, unified tax system aimed at making the economy more efficient and reducing the overall tax burden on goods and services. The GST replaced multiple cascading taxes levied by the central and state governments.
In the case of cost-push inflation, other things being equal:
Calculate the predicted value of X when Y is 20
X: 16, 54, 35, 25, 44, 51
Y: 5, 17, 11, 8, 14, 5
...When a firm operates with excess capacity
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
Refer to the below table and calculate the NNPmp
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
The optimal quantity of the Public good to be produced is given by
BPKP is about natural farming while in organic farming farmer can purchase inputs from outside.
(1) The demand curve is a horizontal straight ...
Which of the following statements is incorrect?
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