Posted by
Homer Simpson on
May 09, 2014; 6:59am
URL: http://discussion-forum.276.s1.nabble.com/JNU-1997-2001-Doubts-tp7589058p7589104.html
2-savings wont be GDCF. I admit the denominator to take is confusing me but i reckon it should be GNPmp
cuz, S = I+NX = 5000 - 3000 = 2000 (its all gross)
8 - (c)
yeah, you're correct about the price index calculation for the end period. that would be 180. however, i need to compare deflated income of base and end period, which is 100 and 94.44 - signifying 5.56% fall in real income.
for 7, (b) and (d) cant obviously be the case - NI cant be that small. so either (a) or (c) - now if multiplier is 5 and i know the numerator above as 15000, then we should get 75000 here. thus (c)
11 - yes its constant returns to scale - (a)- mixed up the z options
13 - here it implies nominal exchange rate. when nothing else is mentioned, thats what we consider. so definitely if 50 Rs/$ goes up to 51 Rs/$ - Rupee depreciates. as for the real exchange rate thing, its gotta be the dornbush formula.
14 - they are perfect substitutes, so i have either of the goods, depending on which one gives me more MU per dollar. so here x1 is only consumed.
15 - draw the interval with S as the sample mean and S1, S2 as the critical points. you will be able to infer accordingly.
17 - a lumpsum tax wont affect marginal decision-making- MR,MC dont get affected.
26 - Its monopolistic competition. they earn normal profits in the long-run but operate at excess capacity.
28 - i just plugged in values as per options - whatever gave me zero worked.
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