Question
P spends 22% of his salary on transportation, 30% on
food, 15% on children’s education and 25% on medical. He deposits the remaining amount of Rs. 640 in bank. How much total amount does he spend on transportation and food together?Solution
Remaining % of salary with P, => 100 – (22 + 30 + 15 + 25) = 8% So, => 8% --- 640 => 100% = (640/8) × 100 = Rs. 8000 Now, salary spent on transportation and food = (22 + 30)% of 8000 = Rs. 4160
Classical economists argue that money is neutral because
What is the formula for the money multiplier?
Purchasing Power Parity (PPP) theory suggests that exchange rates will adjust to offset differences in:
A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will becomeÂ
If a constant 60 is subtracted from each of the values of X and Y, then the regression coefficient is
Which of the following statements is not true regarding CIBIL?
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
The "Tragedy of the Commons" is most directly associated with the problem of providing:
In a frequency distribution the last cumulative frequency is 500. Q3 must lie in?
If rxy = 0.4, then r(2x, 2y) is equal to:
Relevant for Exams:
