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GDP Growth, Employment and Poverty:
The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething troubles of the just two years - 1991-92 and 1992-1993, growth rate picked up and GDP growth averaged about 7 per cent during 1993-94 to 1997-98 (Refer table 8.1). However, thereafter, the growth process became uneven and even decelerated during 1998- 99 to 2002-03 to an average of 5.3 per cent per annum. If we compare the annual average growth rate during the pre-reform period (1980-81 to 1990-91) which was of the order of 5.6 per cent per annum, then the post-reform 12-year period (1990-91 to 2002-03) also shows an average growth rate of 5.5 per cent (Refer table 8.1). Obviously, the claim of the advocates of reforms that they have been able to substantially jack up growth to 6-7 per cent per annum is not borne out by facts. This implies that the reform process has yet to establish its distinct superiority over the pre-reform period.
given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function
Why short run average cost curve is ‘U’ shaped
how do i make one on excel
Factors that calculate price elasticity of demand: The proportion of Income spent on the Commodity If the price of a good is relatively low such the expenditure on it is a
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
price effect
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200
what is pure competition markets?
1. Consider the consumption decisions of R.B. Turbo, a new student at Teachers College, Columbia University. Ms. Turbo has only available $1,000 in monthly income to spend on food
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