Nội dung text Applied Economic Qns.pdf
Prepared by Uni Bytes / www.unibytes.xyz Don't use our content without permission. Table 1 TUx and TUy Schedules for Computing MUx , MUy and Finding the Consumer's Equilibrium Units of commodities (x & y) 0 1 2 3 4 5 TUx(in units): 0 5 9 12 14 15 TUy(in units): 0 6 11 15 18 20 10. From the following data in Table 2, compute these four concepts of national by using Expenditure Method: (a) GDPMP, (b) GNPMP, (C) NNPMP, and (d) NNPFC (= NI ) . Table 2 Components for Computing the Four Concepts of National Income by Expenditure Method Components Rs. (in billion) C 350 I 130 G 60 Xn -10 Nf 10 D 50 Tni 70 Note. C = Private Consumption Expenditure; I = Private Investment Expenditure; G = Government Expenditure; Xn = X - M = Net Exports; X = Exports; M = Imports; Nf= Net Factor Income from Abroad; D = Depreciation; Tni = Net Indirect Tax = Indirect Tax - Subsidies; GDPMP = Gross Domestic Product at Market Price; GNPMP = Gross National Product at Market Price; NNPMP= Net National Product at Market Price; NNPFC = Net National Product at Factor Cost; NI = National Income. 11. Explain how a monopolist is in equilibrium in the long run with appropriate diagram. Don’t Forget to Follow Uni Bytes