Question
By _____________ economists refer to an unanticipated
inflation that reduces the real value of outstanding government debt.Solution
If the inflation were anticipated, then the interest rate on government bonds would be higher to protect the bond holders from having to take a capital loss from the loss of real value of the bonds through the inflation.
From Ravi's monthly income, he spends 30% on rent and then 25% of the remaining on household items. After that, he uses 40% of the remaining money on ut...
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Neha spends 22% of her salary on transport and one-fifth on rent. She saves 60% of the remaining salary, which is Rs. 6960. What is Neha’s salary?
Ramesh spends 40% of his income and divides the remaining income among his wife and children (a daughter and a son) in the ratio of 3:4, respectively. I...
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