5 Questions
Match the following with their definitions:
Effective demand = The total demand for goods and services in an economy at a particular price level Public debt = The total amount of money owed by the government to creditors Federal finance = The management of government revenue, expenditures, and debts at the national level Primary deficit = The difference between government revenue (excluding borrowings) and non-interest spending
Match the following with their descriptions:
14th FC = 14th Finance Commission responsible for recommending the sharing of financial resources between the Centre and states in India Wage cut policy = A strategy that involves reducing employee wages to control costs and maintain profitability Capital levy = A one-time tax on the capital assets of individuals or corporations Real wage determination factors = Factors such as productivity, labor market conditions, and bargaining power that influence real wages
Match the following terms from economics:
Tax-revenue = Revenue collected by the government through taxation Non-tax revenue = Revenue obtained by the government through sources other than taxation Public debt = The total amount of money owed by the government to creditors Primary deficit = The difference between government revenue (excluding borrowings) and non-interest spending
Match the following economic terms with their meanings:
Federal finance = The management of government revenue, expenditures, and debts at the national level Capital levy = A one-time tax on the capital assets of individuals or corporations Wage cut policy = A strategy that involves reducing employee wages to control costs and maintain profitability Real wage determination factors = Factors such as productivity, labor market conditions, and bargaining power that influence real wages
Match the following economic concepts with their definitions:
Effective demand = The total demand for goods and services in an economy at a particular price level 14th FC = 14th Finance Commission responsible for recommending the sharing of financial resources between the Centre and states in India Tax-revenue = Revenue collected by the government through taxation Public debt = The total amount of money owed by the government to creditors
Test your knowledge by answering ten out of the following questions in the field of economics related to effective demand, public debt, federal finance, primary deficit, 14th Finance Commission, wage cut policy, capital levy, tax revenue, and non-tax revenue.
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