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Let, the monthly income of A = 11x The monthly income of B = 13x The monthly expenditures of A = 9y The monthly expenditures of B = 11y So, 11x - 9y = 4000 .....(1) 13x - 11y = 4000 .....(2) (1) × 11 - (2) × 9 gives, 121x - 99y - 117x + 99y = 44000 - 36000 ⇒ 4x = 8000 ⇒ x = 8000/4 = 2000 ∴ A's income = 11 × 2000 = Rs. 22000 ∴ B's income = 13 × 2000 = Rs. 26000 The difference of income = 26000 - 22000 = Rs. 4000 Alternate method The difference = 2 ratio = Rs. 4000 Their income difference = 13 - 11 = 2 ratio ∴ Income difference = Rs. 4000 ∴ The difference between A and B's incomes (in Rs.) is Rs. 4000
Which of the following statements is/are CORRECT under the Keynesian Cross (Fixed Price) Model?
The Mundell-Fleming framework studies (A) _____ , (B) _________ economies in a world with (C) _____ financial markets and (D) _____ capital mobility
...____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
Political parties, when faced with perfect competition, what type of tariff will they impose?
The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
If a government defaults on the value of its debt by 3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.