onsider the police force of a country . its job is to maintain law an order of the country. suppose that in a given year it spent rs 10 lakh interest on its outstanding loan ,rs 20 lakh in wages and salaries , rs 10 lakh on stationary, fuel,power, and acquired buildings,equipment and cars worth rs 30 crore. what is its GVA in a given year ? Did it contribute anything to G and transfer payments of goverment administration and defence ? explain?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 29P: The prime interest rate is the rate that banks charge their best customers. Based on the nominal...
icon
Related questions
Question

consider the police force of a country . its job is to maintain law an order of the country. suppose that in a given year it spent rs 10 lakh interest on its outstanding loan

,rs 20 lakh in wages and salaries , rs 10 lakh on stationary, fuel,power, and acquired buildings,equipment and cars worth rs 30 crore. what is its GVA in a given year ?

Did it contribute anything to G and transfer payments of goverment administration and defence ? explain?

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Discounting Payment Streams
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning