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If the government hires the unemployed persons and pays them the same amount they were receiving as an unemployment allowance, and engages them in any form of economic activity (even if it is digging and filling pits), the payments become part of government expenditure on wages. In national income accounting, government expenditure on goods and services, including wages paid to employees, is counted as part of GDP. Therefore, hiring the unemployed persons and paying them for their labor will increase the government expenditure component of GDP.
Which of the following is mentioned in the Preamble of the Constitution of India?
Minimum support price was applied on the recommendation of _____.
The Supreme Court banned tiger safaris in which National Park?
Identify the INCORRECT statement for the universal law of gravitation.
How many members are there in the Monetary Policy Committee (MPC) from the RBI?
According to the Budget 2023-24, what is the rate of tax for Income tax slab between the income of Rs 6 Lakh to Rs 9 Lakh?
The India-Middle East-Europe Economic Corridor (IMEC) aims to bolster economic development by fostering connectivity and economic integration between As...
Which of the following is NOT correct with regards to the history of calculating National Income (NI) in India?
India hosted the G 20 and is currently part of the G20 Troika comprising which two other countries?
What was the main goal of India's second Five Year Plan?