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Cash balance approach
Economics
answered on 12-Sep-23 11:59
Explain the equation Md= k.PY with example
latest answer
Real Income (Y): This refers to the total value of all goods and services produced in an economy, adjusted for price changes or inflation. It measures the actual physical quantity of output. When we say "income" in this context, we're referring broadly to the value of all goods and services produced, often called GDP (Gross Domestic Product). Price Level (P): This is a measure of average prices in the economy. It can be thought of as a weighted average of the prices of all goods and services in the economy. Nominal Income (PY): This refers to the total value of all goods and services produced in an economy without adjusting for price changes or inflation. It represents the current dollar value of output, which is the product of the quantity of output and the prices at which the output is sold. When you multiply the quantity of goods and services (real income or Y) by their prices (P), you get the total dollar value of these goods and services, which is the nominal income (PY).
Sajeetha R
CA Final
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2
134
Law of demand
Economics
answered on 10-Sep-23 19:00
How to solve the 34th question
latest answer
Inelastic is correct
Taniya Thakur
CA Foundation
★ 1K+
3
152
Law of demand
Economics
answered on 10-Sep-23 18:43
The answer of this question is B) or D) ?
latest answer
when the quantity demanded falls due to the price rise
Taniya Thakur
CA Foundation
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2
166
Query
Economics
answered on 30-Sep-23 11:09
In Keynesian theory chapter should be learn to draw those diagrams provided on the ICAI study Material?
latest answer
Understanding the concept will let you to draw graphs first we all should understand what the theory says and also the inference of graph has to be linked with the theory then only we can able to apply it
sradha krishna sunil
CA Inter
★ 5K+
3
194
Chapter 1 unit 1
Economics
answered on 05-Sep-23 19:41
In expenditure method if we produce a product previous year and consumed in this year means in which year consumption we will take!? Why?
latest answer
Production year is important and it is accounted in that year
Ramya Navanitham
CA Inter
★ 75
4
176
Chapter 3
Economics
answered on 05-Sep-23 19:39
What is the meaning of fractional reserve system in que. 10
latest answer
CRR is a reserve. Its purpose is not to give out as loan
Rifhat Khan
CA Inter
★ 28K+
3
162
Chapter 3
Economics
answered on 05-Sep-23 19:37
In this question, while calculating M¹ why other deposits with RBI is not added..
latest answer
Please refer to my notes
Rifhat Khan
CA Inter
★ 28K+
1
177
Chapter 3
Economics
answered on 13-Aug-23 12:39
Plz explain Q.12 except the explanation given in the module
latest answer
Yes understood, thanks a lot for the detailed explanation..😇
Rifhat Khan
CA Inter
★ 28K+
2
186
Chapter 3
Economics
answered on 11-Aug-23 13:05
Can anyone explain Q.11
latest answer
The liquidity preference theory of Keynes states the relationship between interest rate, liquidity preferences, and the quantity or supply of money. It explains the preference for money or liquidity and the reason to demand and get a high-interest rate for long-term financial assets.
Rifhat Khan
CA Inter
★ 28K+
1
152
National income
Economics
answered on 31-Jul-23 21:27
Does economics goods and services produced with a domestic territory include the income of foreigners(one who came to India from abroad for earning)
latest answer
That foreign income will be added outside their country..... But what ever goods have been produced that will be included in the indias national income... I hope This is clear to you
Sai Ram
CA Inter
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2
205