Using the 45° degree cross diagram and concepts of aggregate expenditure and aggregate income (GDP), provide a brief explanation as to how the equilibrium GDP is established.

Q: What is the purpose of graphic analysis?

A: Graphical analysis refers to the data analysis done using graphical techniques in order to determine…

Q: What is the microeconomy?

A: Microeconomics is a study of economics at the level of individual consumers, groups of consumers, or…

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Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

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A: Born - 20 May 1806 Died – 7 May 1873 Married Hill taylor - 1851

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.