Q24 of 30 Page 1

Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.

Government expenditure on Yoga is an expenditure which is related to the productive expenditure that enhances the productive capacity of an economy. This helps in the progress with high intellectual as well as mental stability of the people. They are able to remain healthy and resulting to the improvement of quality of labour force in the production process. This increases production efficiency, and this resulting to the GDP growth.


More from this chapter

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22

Distinguish between marginal propensity to consume and average propensity to consume. Give a numerical example.

OR


Explain the role of taxation in reducing excess demand.


 23

In an economy investment is increased by Rs. 300 crore. If marginal propensity to consume is 2/3, calculate increase in national income.

 25

Explain the ‘store of value’ function of money. How has solved the related problem created by barter?

OR


Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?


 26

Explain how open market operations are helpful in controlling credit creation.