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Economics / Business Economics

NCERT Class 12 — micro and macro economics, national income, money, banking, government budget.

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Q1 · Economics / Business Economics · EASY
If the Marginal Propensity to Consume (MPC) is 0.75, what is the value of the multiplier?
Q2 · Economics / Business Economics · MEDIUM
In a perfectly competitive market, if a firm is producing at a level where Price (P) = Rs 50, Average Variable Cost (AVC) = Rs 40, and Average Total Cost (ATC) = Rs 55, what should the firm do in the short run?
Q3 · Economics / Business Economics · MEDIUM
The Central Government's budget shows Total Revenue of Rs 20,00,000 crore and Total Expenditure of Rs 25,00,000 crore. Interest payments amount to Rs 6,00,000 crore. What is the Primary Deficit?
Q4 · Economics / Business Economics · HARD
Suppose the Money Supply (M) is Rs 10,00,000 crore, Velocity of Money (V) is 5, and Real Output (Y) is 12,50,000 units. According to the Quantity Theory of Money (MV = PT, where P is price level and T is transactions approximated by Y), what is the price level (P)?