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Ask QuestionPosted by Ayushi Masih 5 years, 4 months ago (9709943)
- 2 answers
Shruti Khurana 5 years, 3 months ago (9192279)
Yogita Ingle 5 years, 4 months ago (2577571)
Grandmother reacted very annoyingly because in the city school the author taught about western education, gravitational law and a lot of other things also. She was very upset because there spiritual education was not taught by the teacher.
Posted by Hemanga Saharia 5 years, 4 months ago (9000090)
- 1 answers
Aman Kaur 5 years, 3 months ago (5909353)
Posted by Rakesh Yadav 5 years, 4 months ago (9740294)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
The bulletin board was the carrier of all the bad news fir the district of Alsace and Lorraine. That day also the bulletin board carried the information that german will be taught in the schools of Alsace and Lorraine. Franz wanted to have a look at the bulletin board but overcame this desire as he was getting late for school.
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 2 answers
Oki Pertin 5 years, 4 months ago (9722644)
Yogita Ingle 5 years, 4 months ago (2577571)
Often GDP (real GDP) is considered as an index of welfare of the people. Welfare means sense of material well-being among the people. This depends upon availability of goods and services per person for consumption. When GDP (or GNP) rises, it shows increase in flow of goods & services. Greater availability of goods and services implies higher standard of living which increases economic welfare. So one may conclude that higher level of GDP is an index of greater well-being of the people. But this may not be correct due to following limitations or reasons.
(i) Distribution of GDP. A mere rise in GDP (or GNP or National Income) may not lead to rise in economic welfare if its distribution results in concentration of income in the hands of very few individuals or firms. A mere increase in GDP does not mean that every individual automatically gets this much of increase. Distribution of GDP might have resulted in making the rich richer and the poor poorer leading to further increase in the gap between rich and poor.
(ii) Non-monetary exchanges or transactions. Many economic activities in the economy are not evaluated in monetary terms. Thus non-market transactions like services of housewife, exchanges through barter, enjoyment from hobbies like painting, gardening, etc. which increase economic welfare are not included in measuring GDP. Hence GDP may not reflect actual productive activities and wellbeing of the country.
(iii) Externalities. These refer to the benefits or harms which a firm or an individual causes to other in the process of production but for which they are not paid or penalised. For example, negative externalities occur when smoke of a factory pollutes the air or its industrial wastes causes water pollution in the nearby river resulting in loss of social welfare. But nobody is penalised for it nor it is accounted in GDP. GDP does not take into account these externalities. Similarly, positive (beneficial) impact of beautiful garden remains outside of realm of GDP. To that extent GDP is not a correct index of welfare as GDP is then underestimated or overestimated.
Posted by Anurag Yadav 5 B 5 years, 4 months ago (9632841)
- 5 answers
Posted by Shashank Yadav 5 years, 4 months ago (7140812)
- 1 answers
Bhagyashri Patkari 5 years, 3 months ago (9757996)
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
For calculating GDP deflator, the following steps are necessary
- Determine the nominal GDP
- Determine the real GDP
- Find the GDP Deflator
GDP deflator formula can be represented as
GDP deflator = Nominal GDP / Real GDP * 100
Like other price indices such as CPI, GDP deflector is not formed on a fixed basket of goods and services. The basket is altered every year depending on people’s investment and consumption patterns for that year.
Posted by Oben Pullom 5 years, 4 months ago (9079207)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
The Battle of Camel was fought between Ali’s supporters and army led by Muhammad’s wife Aisha in 657.
Posted by Anand Kumar Yadav 5 years, 4 months ago (9419498)
- 2 answers
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
(i) Profit earned by a foreign bank is included in domestic product of India because the banks branches are located in the Indian domestic territory.
(ii) Scholarships is a trasnfer payment because no service is provided in return.
So, it is not included in domestic income.
Posted by Mamta Soni 5 years, 4 months ago (11017958)
- 0 answers
Posted by Pawandeep Kaur 5 years, 4 months ago (9625024)
- 1 answers
Sher Gill Saab ?? 5 years, 4 months ago (9327512)
Posted by Asifa Naaz 5 years, 4 months ago (9246329)
- 1 answers
Usha Rani Jena 5 years, 4 months ago (5967489)
Posted by K Laxmi Ka Lakshmi 5 years, 4 months ago (9774663)
- 0 answers
Posted by Asifa Naaz 5 years, 4 months ago (9246329)
- 2 answers
Maniya Jain 5 years, 3 months ago (9502639)
Yogita Ingle 5 years, 4 months ago (2577571)
Reasons of unpopular Napoleonic rule over other regions were:
(i) Administrative reforms did not go hand-inhand with political freedom. The newly annexed regions found themselves under the French rule.
(ii) The newly acquired territories had to face increased taxation and censorship.
(iii) The forced conscription into French army to conquer other parts of Europe was not popular with the newly conquered people.
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
This is because of two reasons:
(i) Export refers to the purchase of domestically produced goods by the rest of the world. Goods produced within the domestic territory of a country are to be treated as a part of GDP.
(ii) Export receipts refer to revenue of the firms from the sale of its output. These are not the receipts of factor incomes from abroad which are to be in the form of rent, interest, profit and wages.
Posted by Pranav Diwan 5 years, 4 months ago (8640352)
- 2 answers
Posted by Asifa Naaz 5 years, 4 months ago (9246329)
- 3 answers
Maniya Jain 5 years, 3 months ago (9502639)
Yogita Ingle 5 years, 4 months ago (2577571)
Features of Vienna Treaty of 1815:
- Following the defeat of Napoleon in 1815, European governments were driven by a spirit of conservatism.
- In 1815, representatives of the European powers - Britain, Russia, Prussia and Austria met at Vienna to draw up a settlement for Europe.
- The Congress was hosted by the Austrian Chancellor Duke Mettemich.
- The delegates drew up the Treaty of Vienna of 1815 with object of undoing most of the changes that had come about in Europe during the Napoleon war.
- The Bourbon dynasty was restored to power.
- A series of states were set up on the boundaries of France to prevent French expansion in future.
- The Kingdom of the Netherlands, which included Belgium was set up in the north.
- Genoa was added to Piedmont in the south.
- Prussia was given new territories on its western frontiers.
- Austria was given control of northern Italy.
- In the east, Russia was given part of Poland while Prussia was given a portion of Saxony.
Posted by Yatharth Rana 5 years, 4 months ago (7969475)
- 1 answers
Usha Rani Jena 5 years, 4 months ago (5967489)
Posted by Tanveer Fanda 5 years, 4 months ago (9259972)
- 0 answers
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 1 answers
Yogita Ingle 5 years, 4 months ago (2577571)
Operating surplus does not arise in the subsistence sector and in the general government sector because of the following reasons: (i) in the subsistence sector, production is meant only for subsistence of the producing families. Production is not meant for sale in the market. Accordingly, there is no operating surplus.
Posted by Asifa Naaz 5 years, 4 months ago (9246329)
- 2 answers
Maniya Jain 5 years, 3 months ago (9502639)
Yogita Ingle 5 years, 4 months ago (2577571)
(a) In 1834, a customs union or zollverein was formed at the initiative of Prussia. It was joined by most of the German States.
(b) The aim of zollverein was to bind the Germans economically into a nation. The Union abolished the tariff barriers and reduced the number of currencies from over thirty to only two.
It helped to awaken and raise national sentiment through a fusion of individual and provincial interests. The German people realised that a free economic system was the only means to engender national feeling.
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 2 answers
Yogita Ingle 5 years, 4 months ago (2577571)
Money flows are opposite to real flows. Because money flow are in response to the real flows. Example-There is a real flow of goods and services from the producers to the households. It is in response to it, that the households makes payments to the producers. So, that money flows from the households to producers in terms of consumption expenditure. Likewise, there is a real flow, of factor services from the households to the producers. It is in response to it, that the producers make payments to the households. So that, money flows from producers to the households in terms of factor payments.
Posted by Aditya Singh 5 years, 4 months ago (9774426)
- 1 answers
Ruchi Kumari 5 years, 3 months ago (9208395)
Posted by Swarnima Verma 5 years, 3 months ago (9767602)
- 2 answers
Posted by Oki Pertin 5 years, 4 months ago (9722644)
- 2 answers
Yogita Ingle 5 years, 4 months ago (2577571)
Capital formation implies an increase in capital assets such as plant and machinery, buildings and equipment available to the firm. Now, with a higher net capital formation, means higher capital equipments per unit of labour. This leads to a higher productivity/efficiency of labour.
Posted by Aditya Singh 5 years, 4 months ago (9774426)
- 2 answers
Muskan Maan 5 years, 2 months ago (9974792)
Bhavika Vasava 5 years, 3 months ago (9238780)
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