Question
K is as much younger than M as he is older than O. If
the sum of the ages of M and O is 100 years, what is definitely the difference between M and K’s age?Solution
The difference of age between M and K = The difference of age between K and O. Sum of age of M and 0 = 100 years (M – K) = (K – O) M + O = 2 K Now, given that M + O = 100 Therefore, 100 = 2K K = 50 years Now, M – K =? Here, we know the value (age) of K is 50, but we do not know the age of M. ∴ (M – K) cannot be determined.
Calculate Disposable income if, Consumption (C) = 200, Investment (I) = 50, Government purchases (G) = 70, Government transfer payments (TP) = 150, Taxe...
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
At price of Rs.5 quantity demanded is 10 units and at price of Rs.6, demand is 8 units. Calculate the market demand when price is Rs.4
An employee has a basic pay of Rs. 12000 and a D.A. of 12% in 1997. If the employee should get a 5% rise in real income each year, what should be the DA...
A neutral technological change __________
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
In the Solow model, what is the effect of an increase in the saving rate on the long-term growth rate of an economy?
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
If the public consumes €100 billion less and the government purchases €100 billion more (other things unchanging), which of the following statement...
Revealed preference theory assumes
