Production of Goods X (units) | Production of Good Y (units) |
0 | 15 |
1 | 14 |
2 | 12 |
3 | 9 |
4 | 5 |
5 | 0 |
(i) Demand is perfectly elastic and supply falls. |
(ii) Supply is perfectly inelastic and demand rises. |
(i) When Marginal Revenue (MR) is greater than Marginal Cost (MC). |
(ii) When Marginal Revenue (MR) is equal to Marginal Cost (MC). |
Give reasons for your answer. |
(i) Expenditure on adding a floor to building. |
(ii) Payment of fees to a lawyer engaged by a firm. |
(iii) Payment of interest by a government firm. |
S.No | Items | (Rs.) in crores |
(i) | Gross Value Added at Market Price by Primary Sector | 600 |
(ii) | Private Final Consumption Expenditure | 1,500 |
(iii) | Consumption of Fixed Capital | 300 |
(iv) | Net Indirect Tamxes | 240 |
(v) | Gross Value Added at Market Price by Secondary Sector | 400 |
(vi) | Net Domestic Fixed Capital Formation | 440 |
(vii) | Change in Stock | \[(-)\]40 |
(viii) | Gross Value Added at Market Price by Tertiary Sector | 1,400 |
(ix) | Net Imports | 100 |
(x) | Government Final Consumption Expenditure | 300 |
(xi) | Net Factor Income from Abroad | 40 |
(i) How is fixed rate of exchange determined? |
(ii) Explain the main merits of flexible exchange rate. |
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