Giving reasons comment on the shape of Production Possibilities curve based on the following schedule: | |
Good X (units) | Good Y (units) |
0 | 16 |
1 | 12 |
2 | 8 |
3 | 4 |
4 | 0 |
An economy is in equilibrium. Calculate the Marginal Propensity to Save from the following: |
National income = 1,000 |
Autonomous consumption = 100 |
Investment = 120 |
Calculate 'Net National Product at Market Price': | ||
(Rs. crores) | ||
(i) | Transfers payments by governments | 7 |
(ii) | Government final consumption expenditure | 50 |
(iii) | Net imports | (-)10 |
(iv) | Net domestic fixed capital formation | 60 |
(v) | Private final consumption expenditure | 300 |
(vi) | Private income | 280 |
(vii) | Net factor income to abroad | (-)5 |
(viii) | Closing stock | 8 |
(ix) | Opening stock | 8 |
(x) | Depreciation | 12 |
(xi) | Corporate tax | 60 |
(xii) | Retained earnings of corporations | 20 |
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