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Surplus in Balance of Payments (BOP) refers to the excess of -------. (Choose the correct alternative to fill in the blank)
  • Economics
  • Flow of Income
Identify the correct equation from the following:
  • Economics
  • Indian Economy
Read the following statements carefully:
Statement 1: If in an economy the level of income increases (\( \Delta Y \)), it will always proportionately increase the level of consumption (\( \Delta C \)).
Statement 2: Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are always equal to each other.
Choose the correct alternative from the following:
  • Economics
  • Flow of Income
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