Indian Economy Questions

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A minimum wage _____.

In perfect competition _____.

Goods for which demand move in the opposite direction of the income of the consumer are called?

An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.

__________ is defined as the output per unit of variable input

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.