Question
If the number of cars produced by Company P increased by
20% in 2023 compared to 2022, how many cars would be produced by Company P in 2023? Direction: The bar graph shows the Production of Cars (in thousands) for four companies (P, Q, R, S) over five years (2018 to 2022). Â Table: The table shows the Percentage of Exported Cars for the same four companies over the same five years. ÂSolution
Production by Company P in 2022 = 100,000 cars. 20% increase in 2023: 20% of 100,000 = 0.20 × 100,000 = 20,000 cars. Production in 2023 = 100,000 + 20,000 = 120,000 cars.
  Which of the following best explains why the J-curve effect occurs?
The velocity of money is
Which of the following benefits are not stated in the Union Budget 2022-23 for the benefit of MSMEs?
Demand and supply equations were given as Qd = 300 - P, Qs = P/2 and govt imposes specific tax you had to find quantity at which tax revenue is maximized?
Which of the following statements is incorrect regarding Phillips’s curve?
From an economic efficiency perspective, what is the socially optimal level of pollution? State the fundamental condition (in terms of marginal cost and...
A monopolist sells its product in two separate markets with different price elasticities of demand. The marginal cost of production is constant at $20 p...
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
 If a Cobb-Douglas production is Q = K0.4 L0.6 the function is