CBSE Class-12 Economics: Questions 172 - 177 of 523

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 900.00 or

Question number: 172

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Calculate “gross national product at factor cost” from the following data by

(I) Income method, and (ii) Expenditure method.

Calculate gross national product at factor cost

Calculate gross national product at factor cost in detail.

-

( Rs. In crores)

Private final consumption expenditure

1000

Net domestic capital formation

200

Profits

400

Compensation of employees

800

Rent

250

Government final consumption expenditure

500

Consumption of fixed capital

60

Interest

150

Net current transfers from rest of the world

(-) 80

Net factor income from abroad

(-) 10

Net exports

(-) 20

Net indirect taxes

80

Explanation

(I) Income method

Gross national product at factor cost =

Profits + Compensation of employees + Rent + Interest + Net factor income from abroad

= 400 + 800 + 250 + 150 + 60 + (-10)

= Rs. 1650 crore

(ii) Expenditure method

Gross national product at factor cost… (53 more words) …

Question number: 173

» Producer Behaviour and Supply » Supply » Determinants of Supply

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Define money supply.

Question number: 174

» Determination of Income and Employment » Propensity to Consume and Propensity to Save

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain the relationship between investment multiplier and marginal propensity to consume.

Explanation

Investment multiplier involve that any change in investment can cause change in income and output.

Investment multiplier K = Equation

Investment Multiplier shares direct positive relationship with marginal propensity to consume.

The relationship is expressed as follows.

K= Equation

Assume that value of MPC is 0.6 then

K= Equation =… (29 more words) …

Question number: 175

» Market and Price Determination » Perfect Competition

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Define flow variables.

Question number: 176

» Determination of Income and Employment » Propensity to Consume and Propensity to Save

Appeared in Year: 2010

True-False▾

Following Statement is true or false:

When marginal propensity to consume is greater than marginal propensity to save, the value of investment multiplier will be greater than 5.

Question number: 177

» Producer Behaviour and Supply » Production Function

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Giving reasons classify the following into intermediate products and final products:

(i) Furniture purchased by a school.

(ii) Chalks, dusters, etc. purchased by a school

f Page
Sign In