Solved papers for 12th Class Economics Solved Paper - Economics 2014 Outside Delhi Set-III

done Solved Paper - Economics 2014 Outside Delhi Set-III Total Questions - 8

• question_answer1) Define variable cost.
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• question_answer2) What is meant by monotonic preferences?
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• question_answer3) How does change in price of a complementary good affect the demand of the given good? Explain with the help of an example.
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• question_answer4) What is 'excess demand' in macroeconomics?
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• question_answer5) What is 'managed floating exchange rate'?
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• question_answer6) Explain the effect of appreciation of domestic currency on exports?
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• question_answer7) 

  Calculate Autonomous Consumption Expenditure from the following data about an economy which is in equilibrium:

  National income                                  = 590

  Marginal Propensity to save                 = 0.30

  Investment expenditure                       = 100

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• question_answer8) 

  Calculate the 'Net National Product at Market Price' from the following:
  (Rs. in Arab)
  (i)	Closing stock	10
  (ii)	Consumption of fixed capital	40
  (iii)	Private final consumption expenditure	600
  (iv)	Exports	50
  (v)	Opening stock	20
  (vi)	Government final consumption expenditure	100
  (vii)	Imports	60
  (viii)	Net domestic fixed capital formation	80
  (ix)	Net current transfers to abroad	(-) 10
  (x)	Net factor income from abroad	30

   
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