Consider the following information:

National Income at current prices for the year Y1 = $30 billion USD

National Income at current prices for the year Y2 = $80 billion USD

Price Index for Y1 = 150

Price Index for Y2 = 200

What should be the National Income at constant prices for the year Y2?

________________ is a market structure in which many sellers sell differentiated products.

The vertical distance between the average total cost curve and the average variable cost curves tends to __________ as the production increases beyond a point.

In most developing countries, ________.

In many large u.s. cities, taxicab companies operate as near monopolies because of_____.

In the _________, the perfectly competitive firm will seek out ________________________ .

If the supply of labour and capital of a country grow in the same proportion as before but the technology remains the same, the production possibility curve of the country would shift outwards:

Fixed and variable costs are distinguished from each other in terms of:

What would be the National Product at market prices for a certain year, if the National Product at factor cost is 4 billion USD, Indirect taxes are $1 billion USD and subsidies are $0.25 billion USD?

There are _____________ approaches to analyze devaluation.

When in an economy, all decisions relating to what goods and services to produce, how to produce, and what quantities to produce are made by a central authority, it is known as: