Reserve Bank of India India - Macroeconomic Situation Assessment and Prospects Indian Merchants’ Chamber Mumbai June 19‚ 2012 Dr. Duvvuri Subbarao Governor Reserve Bank of India 1 India Macroeconomic Situation Cause for Concern? 2 India - Macroeconomic Situation Trends in Growth Rate Long-Term Trend 10.0 9.0 8.0 7.0 6.2 Per cent 8.5 5.6 8.0 Percent 7.5 7.0 6.5 6.0 5.5 5.0 6.5 8.7 7.5 10.0 9.5 9.6 Recent Trend 9.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 3 India Growth
Premium Inflation Monetary policy Interest rate
Chapter 36: Six Debates over Macroeconomic Policy 1. Should monetary and fiscal policymakers try to stabilize the economy? 2. Should the government fight recessions with spending hikes or tax cuts? 3. Should monetary policy be made by rule rather than by discretion? 4. Should the central bank aim for zero inflation? 5. Should the government balance its budget? 6. Should the tax laws be reformed to encourage saving? Debate #1 1. Should monetary and fiscal policymakers try to stabilize the economy
Premium Tax Inflation Monetary policy
Suggested Solutions 2 Taxes in the Real Intertemporal Model (40 Raw Points) Taxes in the Real Intertemporal Model This problem studies the effects of a permanent (lump sum) tax decrease on macroeconomic variables such as This problem studies the effects of a permanent (lump sum) tax decrease on macroeconomic variables such as employemployment‚ output‚ consumption‚ investment‚ interest rates‚ and real wages. This problem is particularly ment‚ output‚ consumption‚ investment‚ interest rates and real
Premium Supply and demand Inflation Aggregate demand
Fundamentals of Macroeconomics Paper Ken Thompson 08/05/2013 Blake Bennett Table of Contents I. Introduction II. Define and Explain the Following Terms A. Gross Domestic Product (GDP) B. Real GDP C. Nominal GDP D. Unemployment Rate E. Inflation Rate F. Interest Rate III. Explain How These Activities affect Government‚ Households‚ and Businesses A. Purchasing of Groceries B. Massive Layoffs of Employees C. Decrease in Taxes III. Conclusion
Premium Economics Macroeconomics Unemployment
Principles of Macroeconomics Homework 1 Please write down your answers as clearly as possible. 1. Below are some data from the land of milk and honey. Year 2008 2009 2010 Price of Milk $1 $1 $2 Quantity of Milk 100 quarts 200 200 Price of Honey $2 $2 $4 Quantity of Honey 50 quarts 100 100 a. Compute the nominal GDP‚ real GDP‚ and the GDP deflator for each year‚ using 2008 as the base year. Calculating nominal GDP: 2008: ($1 per qt. of milk 100 qts. milk) + ($2 per qt. of honey 50 qts.
Premium Gross domestic product 1916 1922
The Phenomenon of Late Marriage in China It is a generally noted phenomenon that Chinese tend to get married later than they used to especially in big cities. Across the country‚ we observe virtually everywhere that the rate of marriage becoming lower year after year. Chinese used to marry before twenty- five years old. But now‚ some youngsters go study further; some devoted in their career; some who have dated one after other still refuse to step into the palace of marriage. Careful observation
Premium Marriage Demography Population
Macroeconomic Effect of VAT on the Bahamas Teresa Taylor Omega College Macroeconomics – ECON233 Mr. C. Lunn November 26th‚ 2014 TABLE OF CONTENTS Introduction………………………………………………………………………………………..3 Value-Added Tax in the Caribbean………………………………………………………………………………………….4 Value Added Tax in the Bahamas: Reasons for Implementation…………………………………4 Debate over the Implementation of Value-Added Tax in the Bahamas…………………………..7 Suggested Alternatives to Value Added Taxation……………………………………………….13 Ensuring Maximum
Premium Tax Value added tax
Fundamentals of Macroeconomics Paper Part 1. Economists use gross domestic product‚ unemployment rate‚ and interest rates as tools to determine economic trends and predict the future changes in the economy. They try to manipulate the frequency‚ duration‚ and extremes of those changes; a never-ending effort to minimize the roller coaster effect. Following is a list of loose definitions for those tools. Gross Domestic Product (GDP) The gross domestic product‚ or GDP‚ is the amount
Free Unemployment Macroeconomics Gross domestic product
Microeconomics Study chapter 1 The nature and method of economics: * Economics is concerned with the efficient use of limited productive resources for the purpose of attaining the maximum satisfaction of our material wants. The study of economics is important because; * Constitutes the basis of much government economic policy or shapes the design and impact of this policy. * Informs those involved with the design of economic policy and the analysis of its impact. * Improves
Free Economics
Unit 1 Assignment Chapter 4 1. What is a competitive market? Briefly describe a type of market that is not perfectly competitive A competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker (Mankiw‚ p.66). Local energy provider is not a perfect market but a monopoly because there in only one provider. 2. What are the demand schedule and the demand curve‚ and how are they related? Why does the demand curve
Premium Supply and demand