ECONOMICS HONOURS CLASSES IN KOLKATA
.. define macroeconomics?
Ans. Macroeconomics considers the efficiency of the overall economy as a whole. A large number of macroeconomic concerns appear in the press and the evening news on a daily basis. Once we study macroeconomics we are taking a look at topics just like economic development; inflation; within employment and unemployment, our trade functionality with other countries (i. at the. the balance of payments) the relative success or failure of government financial policies and the decisions.
.. give examples of macroeconomic variables.
Ans. examples of macroeconomic variables will be
a. Nationwide income
.. refer to any 2 differences between macroeconomics and microeconomics. Ans.
…define an economic agent?
Or so what do you imply by a gamer in an overall economy?
Ans. a person, firm, or organization that has an influence for the economy simply by producing, ordering, or selling is called a fiscal agent or possibly a player in an economy. …define durable customer goods?
Ans. Long-lived merchandise bought pertaining to final ingestion and whose uses are required to be enjoyed over a period for a longer time than (usually 1 year) used in countrywide income accounting is called consumer durable items. Examples of durable goods are automobiles, devices, furniture, charms, consumer electronics and sporting goods... define non-durable or single make use of consumer merchandise.
Ans. Customer goods that happen to be consumed in the sense that they can be used once or few times and it is not likely to last over an accounting year is referred to as non-durable or single employ consumer products. Example: meals, drink, cigarettes.
…define more advanced goods.
Ans. A good (or service) which is used as an input or perhaps component within the manufacturing of another good. Advanced goods will be combined in to the production of finished items, or precisely what are termed final goods. Intermediate goods will probably be further processed before marketed as last goods. Samples of intermediate merchandise include sugars, car motors, steel and chlorine.
…whay do you suggest by capital goods?
Ans A capital good (sometimes simply capital in economics) is a tough good that is used in production of goods or perhaps services. Capital goods will be acquired with a society by simply saving riches which can be committed to the ways of production. Case cars and furnitures which can be used for equally private or perhaps business purpose. …define one last good.
Ans. A good or service that is consumed at the conclusion user and does not require any more processing.
case in point; tires for automobile market or birdwatcher which can be utilized to make a lot of further goods.
.. define stock and flow variables.
Ans. A stock changing is assessed at a single specific period, and represents a quantity existing at that time in time which may have built up in the past. Example – money and riches. A movement variable can be measured more than an interval of time. Consequently a stream would be measured per device of time (say a year). Flow can be roughly analogous to price or velocity in this perception. Example- authorities deficit, federal government wealth.
.. precisely what is the difference among stock and flow parameters?
1 . An investment variable can be measured for one certain time, to represent a quantity existing at that point over time which may have accumulated in the past. 2 . An investment variable does not have any time aspect.
1 . A flow adjustable is tested over an interval of your time. Therefore a flow would be measured every unit of time (say a year). Circulation is roughly analogous to rate or perhaps speed with this sense. 2 . A stream variable relates to time and expreessed in terms of period of time.
…define the following: a. expense, b. gross investment, c. inventory expenditure, d. fixed investment, at the. net purchase. Ans. A. Investment: the process of adding to stocks and shares of actual productive property is called expenditure. For example deposition of recently produced physical entities, just like factories, machines, houses, and goods inventories. b. major investment: low investment is defined as the amount a...
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