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Sol. Let the total salary of Sumit be Rs. x Sumit’s saving = 70% of 70% of x As per the question, Sumit’s saving = 29400 70% of 70% of x = 29400 ⇒ x = 29400*100/70*100/70= 16,000 Sumit’s total salary = Rs. 60,000.
In the Classical model, what is the shape of the Aggregate Supply (AS) curve in the long run, and why?
If the currency-deposit ratio equals 0.5 and the reserve-deposit ratio equals 0.1, then the money multiplier is
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
Which of the following four-firm concentration ratios is most consistent with perfect competition?
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...The distribution of heights of American women aged 18 to 24 is approximately normally distributed with a mean of 65.5 inches and standard deviation of 2...
Amber, Blue and Green boxes is related to which sector as per WTO terminology ?
In case of Cob web Model, Damped Oscillation is witnessed when
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
According to the graph on the right, the equilibrium price in the market before the tax is imposed is
