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Questions and Answers
Match the following with their definitions:
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:
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:
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:
Match the following economic terms with their meanings:
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Match the following economic concepts with their definitions:
Match the following economic concepts with their definitions:
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