Which of the following best describes the budget? A
...Which of the following best describes the budget? A
Plan of government's needs and expenditure for a year
Detailed estimate of government financial operation for a year
Satisfactory balance between income and expenditure for one year
Plan for importation of essential goods and services for one year
Plan for control of government industries and corporations for one year
Correct answer is B
No explanation has been provided for this answer.
For normal goods the income elasticity of demand is ...
Public expenditure creates expansionary effects in the economy when it is ...
When the demand for a good increases owing to an increase in income, it means that ...
If the coefficient of price elasticity of demand is 0.1, demand is ...
The elasticity of supply of perishable goods is ...
The situation in which there is persistent fall in the general price level is referred to as ...