Q19 of 36 Page 1

Define Government budget.

Government budget is a statement of estimated receipts and expenditure of the government during a fiscal year.


More from this chapter

All 36 →
17

Define marginal propensity to consume.

 18

If the marginal propensity to consume is greater than marginal propensity to save, the value of the multiplier will be (Choose the correct alternative)

 20

What is meant by depreciation of domestic currency?

 21

Explain with the help of an example, the basis of classifying goods into final goods and intermediate goods.