Question
The present age of Preeti is twice Ruchi’s present
age. Six years ago, their average age was 15 years. What will be the Preeti’s age after five years?Solution
Let Ruchi’s present age be x. Preeti’s present age be 2x. Six years ago, their average age, [(x-6) + (2x-6)]/2= 15 3x – 12 = 30 x = 14 Preeti’s age after 5 years = 2x + 5 = 2 × 14 + 5 = 33 years.
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
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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
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