In a closed economy with no government (G) and no foreign trade (imports, M, and exports, X), all these variables equal zero. The equation simplifies to G = T (taxes) = M = X = 0, indicating no government spending, taxation, imports, or exports.
English
50 Questions
200 Marks
45 Mins EnglishInfrastructure primarily refers to which of the following?
Match List-I with List-II:
List–I | List–II |
|---|---|
(A) Pegged exchange rate system | (I) Setting up of IMF and World Bank |
(B) Managed floating | (II) Fixed exchange rate system |
(C) Bretton Woods Conference | (III) Dirty floating |
(D) Third element in BOP | (IV) Error and Omission Account |
Choose the correct answer from the options given below:
Infrastructure primarily refers to which of the following?
Match List-I with List-II:
List–I | List–II |
|---|---|
(A) Pegged exchange rate system | (I) Setting up of IMF and World Bank |
(B) Managed floating | (II) Fixed exchange rate system |
(C) Bretton Woods Conference | (III) Dirty floating |
(D) Third element in BOP | (IV) Error and Omission Account |
Choose the correct answer from the options given below:
