jnu mphil 2014- doubt.

Posted by shelly gupta on Apr 26, 2015; 3:12pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-mphil-2014-doubt-tp7596379.html

Q31- in a closed economy, population growth is 1.5% pa. elasticity of food consumption to per capita gdp is 0.3. suppose the growth of food consumption can be atmost 3%. what is the max rate of gdp growth that is consistent with a balance in the growth of supply and demand for food?
a) 1.5% pa
b) 5% pa
c) 6.5% pa
d) 10% pa

Q32- assume the workers consume all their wages but capitalists saves a portion of their profits. what will be the balanced budget multiplier if the tax levied on wages alone?    ( i got zero)
a) 1
b) 0
c) indeterminate
d) none of the above.  

also if you could help me with how should i approach Q33