Professional Documents
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Quality
WTO s
Value Added
GDP
GDP is the money value of final goods and services produced within a country during one fiscal year.
GNP = GDP Remittances NDP = GDP - Depreciation NNP = GDP Remittances - Depreciation
Inflation
A consistent increase in prices ,too much money chases too few goods Types of Inflation Demand pull inflation Cost push inflation Degree of inflation Moderate inflation Galloping inflation Hyper inflation
Employment
People able to work and interested to work are working. Types of unemployment Disguised unemployment Seasonal unemployment Cyclical unemployment Structural unemployment
Reasons Impacts
Fiscal Policy
It is budgeting policy which tries to bring in fiscal stability through taxes and government expenditures Tools Taxes Govt. expenditures
Monetary Policy
It is the policy of money for economic growth and stability
Tools i LRR OMO
Income Policy
Government tries to achieve economic objective through variation in minimum wage rate
Price policy
Fixation of minimum and maximum prices to control inflation and encourage investment
Price Index
CPI PPI SPI Reasons Impacts