Macroeconomics, 2nd Edition by Pearson

OPEN ECONOMY I: THE MUNDELL–FLEMING MODEL

323

ONLINE APPLICATION

1

(a)

Go to the home page of the Reserve Bank of India

Internet (URL: www.rbi.org.in/home.aspx).

(b)

Click on the “Database” icon.

(c)

Then under the classification of Annual data, click on

“Handbook of Statistics on Indian Economy.”

2.

Click on “Table 118: Combined Deficits of central and state

Governments” and create a spreadsheet of annual data on

the fiscal deficit of the nation from 1980–1981 to 2004–2005.

3.

Then click on “Table 132: India’s Foreign Trade—Rupees”

and in your spreadsheet, insert annual data on the trade

deficit from 1980–1981 to 2004–2005. ...