The logic followed here is as follows: (First number × Third number) – (First number) = Second number (15 × 12) – 15 = (180 - 15) = 165 (21 × 14) – 21 = (294 - 21) = 273 (28 × 18) - 28 = (504 - 28) = 476 (18 × 11) – 18 = (198 - 18) = 180 (32 × 10) – 32 = (320 - 32) = 288
The wealth distribution in a certain country is described by following Lorenz Function
F(x) = 3x6 where ...
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement is
For which of the following consumption functions, the value of income multiplier, k=5?
If x1, x2,.....xn are non−negative real numbers, then their
An unbiased coin is tossed until a head appears. The expected number of tosses required is
Economists generally believe that making assumptions is
Consider a closed economy wherein
C = 0.60 Yd , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500
Where in Yd = Dis...
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
What does the elasticity of substitution depict?
Cross price elasticity of complementary goods is ?
