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The introduction of the euro in 2002, with its various exchange rates, distorted existing nominal price patterns while at the same time retaining real prices. A European wide study (el Sehity, Hoelzl and Kirchler, 2005) investigated consumer price digits before and after the euro introduction for price adjustments.
The euro came into existence on 1 January 1999. [2] It had been a goal of the European Union (EU) and its predecessors since the 1960s. [2] The Maastricht Treaty entered into force in 1993 with the goal of creating economic and monetary union by 1999 for all EU states except the United Kingdom and Denmark (even though Denmark has a fixed exchange rate policy with the euro).
The 1 euro cent coin (€0.01) has a value of one hundredth of a euro and is composed of copper-covered steel. It is the lowest-value coin in the Eurozone; the next highest are the 2 and 5 euro cent coins. All euro coins have a common reverse and a country-specific (national) obverse. The coin has been used since 2002 and was not redesigned in ...
In 2023, the median age of an Indian was 29.5 years, [20] compared to 39.8 for China and 49.5 for Japan; and, by 2030; India's dependency ratio will be just over 0.4. [21] However, the number of children in India peaked more than a decade ago and is now falling. The number of children under the age of five peaked in 2007, and since then the ...
Brescia turns out to be the first European province for value added by industry, with an added value over 10 billion euros. [ 147 ] The automotive industry in Italy is a significant part of the manufacturing sector, with over 144,000 firms and almost 485,000 employed people in 2015, [ 148 ] and a contribution of 8.5% to Italian GDP . [ 149 ]
The results of India's general elections to constitute 1896th Lok Sabha, held in April–June 2024 were announced on 4th and 5th June 2024. [1] The main contenders were two alliance groups of the Incumbent National Democratic Alliance (N.D.A) led by Bharatiya Janata Party; and the Opposition Indian National Developmental Inclusive Alliance (I.N.D.I.A.) led by Indian National Congress.
95% of the area under the normal distribution lies within 1.96 standard deviations away from the mean.. In probability and statistics, the 97.5th percentile point of the standard normal distribution is a number commonly used for statistical calculations.
[17] [18] On an inflation adjusted 1973 rupee basis, the average income of an Indian agrarian labourer was Rs. 7.20 per year in 1885, against an inflation adjusted poverty line of Rs. 23.90 per year. Thus, not only was the average income below the poverty line, but the intensity of poverty was also severe.
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