Indian Economy Questions

Micro economics deals with

This tax is entirely borne by the entity it is levied upon and cannot be passed.

Calculate a country's GDP if for the year, consumer spending is $900 million, government spending is $250 million, investment by businesses is $180 million, exports are $85 million and imports are $100 million.

If cash reserve ratio decreases, credit creation will _______.

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

What denotes offering several products for sale as one combined product?

Macro economics deals with

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?