There is an item of consumption crucial for health of the people . Government decides to subsidize it . After subsidy , government found that on an average a family is now spending more on this item. Give reason.
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An economy is in equilibrium. From the following data, calculate MPS. (i) Income=10,000 (ii) Autonomous consumption =500 (iii) Consumption expenditure
`C=barC+bY` 8000=500+b(10,000) b(10,000)=7500 `b=(7500)/(10,000)=0.75` or MPC=0.75 We know that MPC + MPS =1 0.75+MPS=1 MPS=1-0.75
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In an economy C=200 +0.75Y is the consumption function where C is consumption expenditure national income. Investment expenditure is 4000. Calculate e
Correct Answer - `16800,12800`
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C= 100 + 0.4Y is the consumption function of an economy where C is consumption expenditure and Y is National Income. Investment expenditure is 1100. C
Correct Answer - 2000900
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Match the following choosing one item from Column X the appropriate item from Column Y. `{:("Column X","Column Y"),(a."Al",p. "Calamine"),(B."Cu",q. "
Correct Answer - `Ararrq;Brarrr;Crarrs;Drarrp`
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A consumption good has harmful effects on health . Government wants to bring its consumption down by imposing heavy tax on it . How much success gover
If the demand for the good is elastic, then even a small amount of tax will help in reducing its demand significantly whereas if the demand for the good is...
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A crucial input used in production of health friendly product is available only from the government prodcution units. Explain what can be done to "inc
The government can provide these inputs at subsidized rate.
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Cigarette smoking is injurious to health. How can the government reduce its consumption but only through the market forces. Explain the chain of effec
It can discourage the consumption of such products by imposing taxes on them. It can also refrain from granting licenses to industries producing them.
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Calculate net value added at factor cost: (i) Subsidies 5 (ii) Sales 500 (iii) Intermediate consumption 200 (iv) Closing stock 40 (v) Consumption of f
`NVA_(fc)=ii+iv-vii-iiiv-vi+i` `=500+40-50-200-60-30+5` =rs 205 crore.
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‘Government of the people, by the people and for the people, shall not perish from the earth’.
Abraham Lincoln
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In a group of `1000` people, there are `750` people, who can speak Hindi and `400` people, who can speak Bengali. `(i)` Find number of people who can
Correct Answer - `(i)600 (ii) 250 (iii) 150 `
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