Giving reason, state whether the following statement are true or false. Foreign exchange received on account of export of sugar will be recorded in current account.

True.Explanation: It is so because export of sugar is a export of goods which is a component of current account.

Giving reason, state whether the following statement are true or …

Giving reason, state whether the following statement are true or false.
Autonomous transactions take place in current account only.

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Are the following statements true or false? Give reasons.
Direct tax are generally 'Proportional in nature.

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Giving reason, state whether the following statements are true or false.
Cirular flow of income takes place in case of open economy and close economy.

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Are the following statements true or false? Give reasons.
Primary deficit is the difference between capital deficit and interest payments.

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Giving reasons, state whether the following statements are true or false.
Real GDP includes domestic income at current prices.

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Giving reason, state whether the following statements are true or false.
National Income of a country is a stock concept.

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Main tools of Macroeconomics are demand and supply.

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Giving reason, state whether the following statements are true or false.
Television is a capital good.

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Decrease in demand for foreign currency leads to currency depreciation. (True/ False)

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Consumption depends on investment in the economy. (True/ False)

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