Indian Economy Questions

Business fluctuations refer to the ups and downs in overall business activity measured by changes in national​ income, employment and the price level.

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).

When exports are greater than imports, net exports are positive and similarly, when imports are greater than exports, net exports are negative.

When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP.

Tax that uses the same rate for all income levels is proportional tax.

Economic growth is measured by the percentage of gross domestic product. GDP refers to the total value of goods and services produced in the country.