Annual Budget

Nominal wages are equal to expected wages

Real wages are back at equilibrium level

Nominal wages are growing faster than inflation

Inflation is higher than the growth of nominal wages

Surpluses are likely to occur

Prices are likely to fall

Supply will increase immediately to match demand

Shortages may occur

GNP

NNP

Depreciation

Real GDP

Actual injections = actual withdrawals

Planned injections = planned withdrawals

Savings = investment

Government spending = planned

Repayment of loan

Purchase of new premises

Disposal of fixed assets for a profit

Rapid expansion sales and output

Non-tax-revenue

Tax-revenue

Both A and B

None of these

68.18% Favourable.

85.23% Favourable.

125% Favourable.

None of these

Infinite deficit financing

No curtailment in unproductive expenditure

No appraisal of new programs

Preparation of new budget every time

Decrease the domestic price of a product

Increase government earnings from tax

Increase the quantity of imports

Decrease domestic production

Very sensitive to price

Price elastic

Unit elastic

Income inelastic