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Draw a production possibility curve that shows growth of resources. How does growth of resources affect the output of an economy?
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Draw a production possibility curve that shows growth of resources. Ho...
PPC will shift rightward as the resources increases.
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Directions: Read the following case study and answer the questionThe Central Bank of India i.e. Reserve Bank of India, is the apex institution that control the entire financial market. Its one of the major functions is to maintain the reserve of foreign exchange. Also, it intervenes in the foreign exchange market to stabilise the excessive fluctuations in the foreign exchange rate.In other words, it is the central bank’s job to control a country’s economy through monetary policy; if the economy is moving slowly or going backward, there are steps that central bank can take to boost the economy. These steps, whether they are asset purchases or printing more money, all involve injecting more cash into the economy. The simple supply and demand economic projection occur and currency will devalue.When the opposite occurs, and the economy is growing, the central bank will use various methods to keep that growth steady and in-linewith other economic factors such as wages and prices. Whatever the central bank does or infact don’t do, will affect the currency of that country. Sometimes, it is within the central bank’s interest to purposefully effect the value of a currency. For example, if the economy is heavily reliant on exports and their currency value becomes too high, importers of that country’s commodities will seek cheaper supply; hence directly effecting the economy.Which of the following is known as the creator currency in the country?

The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one is an appropriate title of the given passage?

Draw a production possibility curve that shows growth of resources. How does growth of resources affect the output of an economy?
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Draw a production possibility curve that shows growth of resources. How does growth of resources affect the output of an economy? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Draw a production possibility curve that shows growth of resources. How does growth of resources affect the output of an economy? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Draw a production possibility curve that shows growth of resources. How does growth of resources affect the output of an economy?.
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