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ATQ, Let the income of Luke be Rs. x. Therefore, income of Leah = Rs. 1.15x According to the question, Therefore, income of Luke = x = Rs.20000 Income of Leah = 1.15x = Rs.23000 Savings of Luke = 0.35 × 20000 = Rs.7000 Savings of Leah = 0.35 × 23000 = Rs.8050 Required sum = 7000 + 8050 = Rs.15050
Which theorem intends to show that the change in commodity prices changes the distribution of real incomes between capital and labor?
In Durbin-Watson test, if the value of d is 4, then what is the characteristic of the autocorrelation
What is the terms of trade formula?
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
Which of the following is correct?
According to monetarists view, in the long-run, the Philips curve
Income elasticity of an inferior good is always
The Mundell-Fleming framework studies (A) _____ , (B) _________ economies in a world with (C) _____ financial markets and (D) _____ capital mobility
...In an economy, S=-100+0.6Y is the saving function. If investment expenditure is 1100. Calculate consumption expenditure at equilibrium level of nationa...
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