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A national budget is a quantitative financial statement outlining ways in which governments plan to raise revenue and to spend it. Such a budget may be surplus, balanced or deficit in nature. Whenever expenditure exceeds revenue, a financing deficit may then be operated deliberately.
Wilfykil answered the question on February 6, 2019 at 12:30
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Date posted: February 6, 2019. Answers (1)
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Clearly explain the major functions of a central bank.(Solved)
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Date posted: February 6, 2019. Answers (1)
- You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
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C = 50 + 2/5Y
Investment...(Solved)
You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment function:
I = 790 – 21r
The Money Market
Precautionary and Transactions demand for
money MDT = 1/6 Y
Speculative demand for money
MDS = 1200 -18r
Money supply
MS = 1250
Determine the equilibrium levels of income and interest rate for this economy
Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Define Money and outline its major functions.
Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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Calculate the Gross...(Solved)
Calculate the Gross National Product of this economy using the value added approach.
Date posted: February 6, 2019. Answers (1)
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encounter while carrying out such a task particularly in developing countries?(Solved)
Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?
Date posted: February 6, 2019. Answers (1)
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Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Find the equilibrium values of income, consumption and taxes.
Date posted: February 6, 2019. Answers (1)
- Assume the following information represents the National Income Model of an "Utopian" economy.Y = C + I + GC = a + b(Y – T)T...(Solved)
Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Explain the economic interpretation of the parameters a,b,d and t.
Date posted: February 6, 2019. Answers (1)
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C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...(Solved)
The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms
What is the Marginal cost of the 12th Kilogram?
Date posted: February 6, 2019. Answers (1)