onsider the police force of a country . its job is to maintain law an order of the country. suppose that in a given year it spent rs 10 lakh interest on its outstanding loan ,rs 20 lakh in wages and salaries , rs 10 lakh on stationary, fuel,power, and acquired buildings,equipment and cars worth rs 30 crore. what is its GVA in a given year ? Did it contribute anything to G and transfer payments of goverment administration and defence ? explain?
onsider the police force of a country . its job is to maintain law an order of the country. suppose that in a given year it spent rs 10 lakh interest on its outstanding loan ,rs 20 lakh in wages and salaries , rs 10 lakh on stationary, fuel,power, and acquired buildings,equipment and cars worth rs 30 crore. what is its GVA in a given year ? Did it contribute anything to G and transfer payments of goverment administration and defence ? explain?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 29P: The prime interest rate is the rate that banks charge their best customers. Based on the nominal...
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consider the police force of a country . its job is to maintain law an order of the country. suppose that in a given year it spent rs 10 lakh interest on its outstanding loan
,rs 20 lakh in wages and salaries , rs 10 lakh on stationary, fuel,power, and acquired buildings,equipment and cars worth rs 30 crore. what is its GVA in a given year ?
Did it contribute anything to G and transfer payments of goverment administration and defence ? explain?
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