Start learning 50% faster. Sign in now
Difference between expenses of B and D = (30000 – 10000) – (15000 – 5000) = Rs.10000 Expenditure of G = Rs. 10000 G spends on Food = 10000 × (35/100) = Rs.3500 G spends on Education = 6500 × (40/100) = Rs.2600 G spends on House rent = 6500 – 2600 = Rs.3900 Savings of G/ Income of G = 1/6 Expenditure of G = 6 – 1 = 5 Now, 5 ------ 10000 => 1 ------ 2000 Difference between G’s savings and his expenses on Rent = 3900 - 2000 = Rs. 1900
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation wit...
Calculate NNPfc from the following data:
(in Rs crores)