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ISSUES RELATED TO BALANCE OF PAYMENTS: It is to be remembered that the Indian economy witnessed varying intensities of BOP problem during 1956-9 1. However over the 1990s,
graph the central equation of the solow model. argue that a steady state exists and that the economy will converge to this point from any initial starting capital stock
explanations to the short-run fluctuation and pilicy prescriptions of the schools macroeconomics thought
What is the difference between economic growth and economic development? Growth is only individual dimension of development. Economic development is a complicated multi-dimensio
If the U.S. government were willing to convert dollars into gold at a fixed price, then dollars would be a. fiat money. b. commodity money. c. bank money. d. both fiat and
Kate uses a sewing machine to alter and repair clothes for one year in her own small business, Kate's Tailoring. She earns $20,000 during the year for various sewing projects. In t
State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti
discuss the action the procurement function should take to achieve raw materials at economic cost durin inflation
Explain the law of diminishing marginal returns using the example of a factory which is currently running at half capacity and employs more staff
The Stop decay company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decay fighter, redu
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