Advertisements
Advertisements
The multiplier can be expressed as ______
Concept: undefined >> undefined
Which factor affects Keynesian Multiplier?
Concept: undefined >> undefined
Advertisements
If MPC = 0.5, then multiplier (K) will be ______
Concept: undefined >> undefined
The theory of employment multiplier was propounded by ______
Concept: undefined >> undefined
"The Government has raised the exemption limit for the payment of Income tax from ₹ 2 lakh to ₹ 2.5 lakh."
If the situation of deficient demand is prevailing in the economy, what will be the impact of this action taken by the government?
Concept: undefined >> undefined
'Investment multiplier and Marginal Propensity to Consume are directly related to each other'. Explain with the help of numerical example.
Concept: undefined >> undefined
Explain the chain effects, if the prevailing market price is below the equilibrium price.
Concept: undefined >> undefined
Giving reason, state whether the following statement is true or false.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.
Concept: undefined >> undefined
If the prevailing market price is above the equilibrium price, explain its chain of effects.
Concept: undefined >> undefined
Find national income and private income:
| (Rs crore) | ||
| (i) | Rent | 200 |
| (ii) | Net current transfer to abroad | 10 |
| (iii) | National debt interest | 60 |
| (iv) | Corporate tax | 100 |
| (v) | Composition of employees | 900 |
| (vi) | Current transfers from government | 150 |
| (vii) | Interest | 400 |
| (viii) | Interest | 50 |
| (ix) | Undistributed profits | 250 |
| (x) | Net factor income to abroad | (-)10 |
| (xi) | Income accruing to government | 120 |
Concept: undefined >> undefined
Explain the chain of effects of excess supply of a good on its equilibrium price
Concept: undefined >> undefined
X and Y are complementary goods. The price of Y falls. Explain the chain of effects of this change in the market of X.
Concept: undefined >> undefined
Explain the chain of an effect of excess demand of a good on it equilibrium price.
Concept: undefined >> undefined
Explain the meaning of excess demand and excess supply with the help of a schedule. Explain their effect on equilibrium price.
Concept: undefined >> undefined
Calculate National Income and Private Income :
| (Rs crores) | ||
| (i) | Net imports | 5 |
| (ii) | Net domestic capital formation | 15 |
| (iii) | Personal income | 90 |
| (iv) | National debt interest | 10 |
| (v) | Corporate tax | 25 |
| (vi) | Government final consumption expenditure | 20 |
| (vii) | Net factor income to abroad | (−) 5 |
| (viii) | Net indirect tax | 10 |
| (ix) | Undistributed profits | 0 |
| (x) | Private final consumption expenditure | 100 |
Concept: undefined >> undefined
Equilibrium price of an essential medicine is too high. Explain what possible steps can be taken to bring down the equilibrium price but only through the market forces. Also explain the series of changes that will occur in the market.
Concept: undefined >> undefined
Suppose the price at which the equilibrium is attained in exercise 5 is above the minimum average cost of the firms constituting the market. Now if we allow for free entry and exit of firms, how will the market price adjust to it?
Concept: undefined >> undefined
At what level of price do the firms in a perfectly competitive market supply when free entry and exit is allowed in the market? How is the equilibrium quantity determined in such a market?
Concept: undefined >> undefined
If the price of a substitute Y of good X increases, what impact does it have on the equilibrium price and quantity of good X?
Concept: undefined >> undefined
Suppose the demand and supply equations of a commodity X in a perfectly competitive market are given by :
Qd = 1700 – 2P
Qs = 1300 + 3P
Calculate the value of equilibrium price and equilibrium quantity of the commodity X.
Concept: undefined >> undefined
