Question
Out of his savings of Rs. 30,000, a person contributed 18%
to disaster relief, 20% of the rest to a local NGO, and 10% of what was then left for a school. How much money is he left with?Solution
ATQ,
Contribution to disaster relief = 0.18 Γ 30000 = Rs. 5,400
Amount left = 30000 β 5400 = Rs. 24,600
Donation to NGO = 0.20 Γ 24600 = Rs. 4,920
Amount left = 24600 β 4920 = Rs. 19,680
Donation to school = 0.10 Γ 19680 = Rs. 1,968
Final remaining amount = 19680 β 1968 = Rs. 17,712
A 'Credit Rating Agency' like CRISIL or ICRA primarily assesses:
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
Effective revenue deficit is:
Separation of real and nominal variables of classical theory is called _____.
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
The natural rate of unemployment corresponds to:
The "liquidity trap" refers to a situation where:
Which of the following statements is NOT CORRECT in the context of an Open Economy IS-LM Model under Floating Exchange Rate (with fixed price) and Perfe...
Under perfect competition, the firm's demand curve is typically perfectly elastic. However, under certain conditions, it may become negatively sloped. W...
GNP exceeds NNP by: