CBSE Class-12 Economics: Questions 41 - 47 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: 41

» National Income and Related Aggregates » Real and Nominal GDP

One Liner Question▾

Write in Brief

Give the meaning of Nominal GDP and Real GDP. Which of these is the indicator of economic welfare?

Question number: 42

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Draw average total cost, average variable cost, and marginal cost curves in a single diagram. Also explain the relationship between ATC and AVC.

Question number: 43

» Producer Behaviour and Supply » Supply » Elasticity of Supply

One Liner Question▾

Write in Brief

What will be the price elasticity of supply if the supply curve is a positively sloped straight line?

Question number: 44

» Producer Behaviour and Supply » Cost

Short Answer Question▾

Write in Short

Why does the difference between Average Total Cost and Average Variable Cost decrease with an increase in the level of output? Can these two be equal at some level of output? Explain.

Question number: 45

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

Short Answer Question▾

Write in Short

From the following data relating to a firm, calculate its net value added at factor cost:

data for calculating net value added at factor cost

different data is given in Rs. lakhs to calculate net value added at factor cost

No.

particulars

(Rs in Lacs)

1

Subsidy

40

2

Sales

800

3

Depreciation

30

4

Exports

100

5

Closing stock

20

6

Opening stock

50

7

Intermediate purchases

500

8

Purchase of machinery for own use

200

9

Import of raw material

60

Question number: 46

» Determination of Income and Employment » Investment Multiplier

One Liner Question▾

Write in Brief

If MPC and MPS are equal, what is the value of the multiplier?

Question number: 47

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Short Answer Question▾

Write in Short

From the following data calculate National Income by Income and Expenditure methods:

information is given to calculate national income by income and expenditure method

various data and their amount is given to calculate national income

No.

Particulars

Amount (Rs crores)

1

Government final consumption expenditure

100

2

Subsidies

10

3

Rent

200

4

Wages and salaries

600

5

Indirect tax

60

6

Private final consumption expenditure

800

7

Gross domestic capital formation

120

8

Social security contributions by employers

55

9

Royalty

25

10

Net factor income paid to abroad

30

11

Interest

20

12

Net domestic capital formation

110

13

Profit

130

14

Net exports

70

Sign In