Indian Economy Questions

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

The existence of a parallel economy (black money) ___________.

When the demand for a good increases with an increase in income, such a good is called_______

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

"Sunrise Industries” are industries _____________

Goods for which demand move in the opposite direction of the income of the consumer are called?

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.