Solved papers for 12th Class Economics Solved Paper - Economics 2011 Outside Delhi Set-III

done Solved Paper - Economics 2011 Outside Delhi Set-III Total Questions - 8

• question_answer1) Define macroeconomics.
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• question_answer2) 

  From the following data calculate price elasticity of demand
  Price (Rs.)	Demand (units)
  9	100
  9	150

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• question_answer3) Explain the law of diminishing marginal utility with the help of a total utility schedule.
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• question_answer4) Explain the concepts of (i) marginal rate of substitution and (ii) budget line equation with the help of numerical examples.
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• question_answer5) Distinguish between balance of trade and balance on current account of balance of payments.
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• question_answer6) As a result of increase in mvestment by Rs. 60 crore, national income rises by Rs. 240 crore. Calculate marginal propensity to consume.
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• question_answer7) 

  Giving reasons, explain the treatment assigned to the following while estimating National Income.

  (i) Expenditure on maintenance of a building.

  (ii) Expenditure on adding a floor to the building.

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• question_answer8) 

  Calculate (a) 'Gross National Product at market place' from the following
  (Rs. crore)
  (i)	Net factor income to abroad	10
  (ii)	Private income	1,700
  (iii)	Operating surplus	300
  (iv)	Corporation tax	150
  (v)	Undistributed Profits	30
  (vi)	Mixed income	500
  (vii)	Consumption of fixed capital	100
  (viii)	Personal taxes	200
  (ix)	Compensation of employees	1,200
  (x)	Net indirect tax	250

   
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