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Q. 1. Illustrate what are the different measures of the National Income? Explain how this information is usually utilized and Illustrate what are the difficulties encountered in trying to accurately measure the National Income?
2. Illustrate what are the main determinants of the level of National Income? Elucidate the concept of the consumption function, verbally, graphically and mathematically. Explain how is equilibrium of the National Income attained?
3. Elucidate the role of the government in national income determination. Illustrate what is fiscal policy, Explain how does it impact economic activity?
4. Money is defined in terms of its functions, Elucidate Illustrate what this statement means. Illustrate what are the factors that determine the demand for and provide of money. Explain how is equilibrium attained in the money market?
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Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.
Elucidate which of the following events would cause the price differences in these letters to get smaller.
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illustrate what is the minimum range within which the sample average failure rate must be found to justify with 95% confidence the advertised failure rate of 0.5%.
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if the price is greater than the average variable cost and less than the average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm.
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Evaluate change in costs over period in real terms, first in 2004 dollars and m in 2005 dollars. Are your answers same. Explain why or why not.
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
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