Indian Economy Questions

Lorenz curve shows

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

Which of the following is called GDP Deflator?

Which answer figure will complete the pattern?

The Law of Demand is based on the concept that people _______.

The innovation theory of profit was proposed by

Calculate a country's GDP if for the year, consumer spending is $900 million, government spending is $250 million, investment by businesses is $180 million, exports are $85 million and imports are $100 million.