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Let the monthly income of Gagan and Magan be 9x and 7x respectively. According to the question, (9x-15000)/(7x-12000) = 6/5 45x-75000 = 42x-72000 3x = 3000 x = 1000 Difference in Monthly Income = (9x-7x) = 2×1000 = Rs.2000
Consider sample of 8 observation and regress Y on X and find the standard error of regression
When two regression coefficients bear same algebraic signs, then correlation coefficient is:
The velocity of money is
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
For an economy, if C = 400 + 0.8Yd, Yd = Y − T, T = 300 + 0.2Y , find MPC.
In the Solow Model, what is the impact of an increase in the savings rate on the steady state level of capital per worker?
Suppose that the exchange rate of the Indian rupee appreciates by 10 per cent relative to the currencies of India’s trading partners. Over the same pe...
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
In two commodity worlds if one good is inferior then the other must be
