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ques1. following data are given for an economy-
gdp at factor cost 10000
depreciation 500
net factor income from abroad -1000
net indirect taxes 1500
gross savings of the economy 2600
gross investment of the economy 3000
gross fiscal deficit 150
calculate- 1. current account deficit in balance of payments
2. excess of private investment over private saving
ques2- in an economy with unlimited supply of labour the wage rate is fixed at 0.5unit of consumption good per period, each of which employs one unit of labour to produce either one unit of itself or one unit of consumption good
a. what is the relative price of the consumption good in terms of the machine?
b. what is the rate of profit in the economy?
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