News On Economics Blog

  Introduction : Begin by introducing the main subject and purpose of the article. Provide some contextual information about the current status of women's economic participation and empowerment worldwide. To support your points, you can utilize statistics or facts obtained from web search results. For instance, you may highlight that women contribute to 75% of the world's unpaid work, which plays a crucial role in supporting the global economy⁵. Additionally, you can mention that India ranks 120th out of 131 countries in terms of female labor force participation rates². - Body : Delve into the influence of female labor force on the economic growth of various countries, regions, or sectors. Utilize examples from your web search results to illustrate how women contribute to economic diversification, productivity, income equality, and other positive development outcomes. For instance, you can mention that if approximately 50% of women were able to join the workforce, India could p...

  MCQS ON HICKS AND MARSHALL DEMAND ANALYSIS  1. What are the two types of demand functions that are named after Marshall and Hicks respectively?     - A) Compensated and uncompensated demand     - B) Ordinary and compensated demand     - C) Direct and indirect demand     - D) Substitution and scale demand     - Answer: B) Ordinary and compensated demand 2. What are the four conditions that make the own-wage elasticity of demand for a category of labour high according to the Hicks-Marshall laws of derived demand?     - A) High price elasticity of demand for the product, high substitutability of other factors of production, high supply elasticity of other factors of production, and high labour cost share of total production cost     - B) Low price elasticity of demand for the product, low substitutability of other factors of production, lo...

How to get Money Multiplier? Accordingly, the money supply, high-powered money (H) is the reserve ratio (RRr) prescribed by the central bank. It is known that excess reserve ratio (XRr) of commercial banks depends on currency held by the public and demand deposit ratio (C). Some of these depend on the behavior of the central bank, some on the behavior of commercial banks, and some on the behavior of the public. Let us propose an equation that tells how the behavior of the central bank, the behavior of the commercial banks, and the behavior of the people together determine the money supply and through it let us find out how each of the determinants of the money supply has a relationship with the money supply. To propose the money supply equation, money supply must be defined. We know that money supply is defined in different ways. We now propose a money supply equation following the traditional approach to defining money supply. Money supply=Ms Currency with Public= C Demand deposits of...

 1.The slope of the production possibility curve is the A. Marginal rate of exchange B.Margial rate of substitution C. Average rate of transformation D. Marginal rate of transformation ✓ Ans: D  2.   Solution : 5Q2+20Q+20 MC= ∆C/∆Q 5×2Q+20 MC=10Q+20......(1) P=100-3Q.....(2) TR=PQ TR=(100-3Q)Q  {P=100-3Q} TR= 100Q-3Q×Q MR= 100-6Q ....(3) MC=MR 10Q+20100-6Q 10Q+6Q=100-20 16Q=80 Q=80/16 Q=5 From (2). P=100-3Q P=100-3(5) P=100-15 P=85 Derivation of Keynes Multiplier MPC= Marginal propensity to consume MPS= Marginal propensity to save I= investment ∆I= Changed Investment S= Saving ∆S=Changed Saving K= Keynes Multiplier C= Consumption Y=Income MPC+MPS=1 MPS=1-MPC---(1) K= 1/1-MPC or K= 1/MPS----- ( From-- 1) ∆Y= K.∆I ( K = Keynes Multiplier) K∆I= ∆Y K= ∆Y/∆I S=Y-C Saving = Income - Consumption ∆S=∆Y - ∆C ---(2) ∆S=∆I---- (3) K= ∆Y/∆I K= ∆Y/∆S ----(from 3) K=∆Y/(∆Y - ∆C) -----( from  2) Dividing on Numerator a...

 Which of the following pairs is not correctly matched? Author.                                          Book          A. Simon Kuznets.              Asian Drama✓ B. J. Robinson.    Essays in the Theory of Economic Growth C. Karl Marx Das Kapital D. A.w. Lewis Theory of Economic Growth  Ans: A Explanation:  Simon Kuznets:-    Simon Kuznets was born on 30 April 1901 in  Pink,  Belarus and he was died on 8 July 1985 in Cambridge.He received Nobel prize in 1971 for his empirically founded interpretation.  1.Books he wrote National income and capital formation  2, Economic Growth and income inequality. J. Robinson:  J. Robinson was born on 31 October 31, 1903 in Camberley Surrey I'm England and died August 5, 1983 in Cambridge. Book's: 1.Essays...

 List-I.                                                                     List-II A) Offer Curve.                                             1. Public Revenue B) Laffer Curve.                                           2. Sticky Price C) Lorenz Curve.                                         3. Reciprocal Demand D) Kinked Demand Curve.                        4.Inequalitie Codes:  (a).          ...

 In the following diagram,when the income increase from 120 crores to 180 crores in an economy then what is the value of f MPC? A. 0.81 B. O.82 C .0.83✓ D. 0.84 Ans:- MPC= ∆C/∆I ∆C= 170-120=50 ∆I=180-120=60 50/60=0.83 Ans:C 2. C= 20+3/4Y and Y=80, What is the value of APC? A. 3 B 0.75 C. 0.1 D.1✓ Solution: C= 20+3/4Y                        20+(3/4)80                        20+3×20                        20+60                      =    80 APC= C/Y         =80/80         =1 Ans:D 2. Let the two regression lines be given as  3x= 10+5y and 4y=5+15x. Then the correlation between x and y is.... A.-0.40 B. 0.40✓ C. 0.89 D. 1.50 Solution: Equation y on x              ...