Indian Economy Questions

In the aggregate expenditures model, it is assumed that investment does not change when real GDP changes.

• The aggregate expenditure is the sum of all the expenditures undertaken in the economy by the factors during a specific time period.

• The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.

In national income accounting, government purchases by Local, State and Federal governments.

A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

Your APR is expressed in terms of a year, but credit card companies use it to calculate charges over your monthly statement period.

As per the decision of the GST Council, e-Way Bill system has been rolled out from 1st of April this year (2018).

A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.