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Question

The exports of goods of a country, G = G(t) has a growth rate of a/t, and its exports of services, S = S(t) has a growth rate of b/t. What is the growth rate of its total exports (X)?

The correct answer is
$(Ga + Sb)/(tX)$

To find the growth rate of the total exports \(X\), we need to understand the individual growth contributions from goods and services exports.

  1. Given the exports of goods, \(G = G(t)\), the growth rate is \(\frac{a}{t}\). This implies that the rate of change of goods exports with respect to time is proportional to \(\frac{a}{t}G\).
  2. For exports of services, \(S = S(t)\), the growth rate is \(\frac{b}{t}\). Similarly, the rate of change of services exports is proportional to \(\frac{b}{t}S\).
  3. The total exports \(X = G + S\). We seek the growth rate of \(X\).
  4. The rate of change of total exports, \(\frac{dX}{dt}\), is the sum of the rates of change of \(G\) and \(S\), which is: \(\frac{dG}{dt} + \frac{dS}{dt} = \frac{a}{t}G + \frac{b}{t}S\).
  5. The growth rate of total exports \(X\) with respect to time \(t\) is: \[ \frac{\frac{dX}{dt}}{X} = \frac{\frac{a}{t}G + \frac{b}{t}S}{G + S} = \frac{Ga + Sb}{tX} \]

This corresponds to the option \((Ga + Sb)/(tX)\). Hence, this is the correct answer.

Let's eliminate the other options for clarity:

  • \(\frac{a}{t} + \frac{b}{t}\) assumes direct addition of growth rates but ignores the relative contributions of goods and services, which is not correct.
  • \(\frac{a}{G} + \frac{b}{S}\) is incorrect as it suggests an inverse relationship not pertaining to the growth rate concept described.
  • \(\frac{(a+b)}{(G+S)}\) simplifies both \(a\) and \(b\) into a single fraction, ignoring the individual influence proportional to \(G\) and \(S\).
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Important Questions from Mixed Topic (CUET PG)

  1. Who was the founder of Bolshevik Communist party?
  2. What is the key guide to statecraft in the realist tradition?
  3. Chronologically arrange the events in the Cold War period.
    A. Berlin Wall is constructed
    B. Communist China joins the UN
    C. Soviet invasion of Czechoslovakia
    D. Berlin Blockade
    Choose the correct answer from the options given below:
  4. Morgenthau's principles of political realism are:
    A. Politics is rooted in permanent and unchanging human nature which is basically self centred, self-regarding and self-interested
    B. Politics is an autonomous sphere of action and cannot therefore be reduced to morals
    C. International Politics is an arena of conflicting self-interests
    D. The ethics of international relations is situational ethics which is very different from private morality
    Choose the correct answer from the options given below:

  5. Who among the following political thinkers consider the anarchical self help system to be a compelling factor for States to maximise their relative power positions?

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