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Let the three numbers be A, B and C. Now, A:B = 3:5 & B:C = 7:10 A: B: C = 21:35:50 A+B+C = 212 21k + 35k + 50k = 212 106k = 212 k = 2 Second number = B = 35 x 2 = 70
___________ refers to the degree of correlation of the same variables between two successive time intervals
Income elasticity of an inferior good is always
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
Which of the following could be a remedy for Multicollinearity Problem?
In the regression specification y = α + βx + ε
For the regression line of y on x, 2x+7y+32=0, find the value of byx.
Classical economists argue that money is neutral because
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
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A producer received ₹ 6,000 when the price of a commodity was ₹ 60 per unit. The receipts increased to ₹ 8,400 when the price increased by ₹ 10....