# Solved papers for 12th Class Economics Solved Paper - Economics 2016 Outside Delhi Set-III

### done Solved Paper - Economics 2016 Outside Delhi Set-III

• question_answer1) What happens to the difference between Total Cost and Total Variable Cost as output is increased?

• question_answer2) When does 'shift' in supply curve take place?

• question_answer3) A consumer consumes only two goods X and Y. The marginal utilities of X and of Y is 3. Prices of X and Y are Rs. 2 and Rs. 1 respectively. Is consumer in equilibrium? What will be further reaction of the consumer? Give reasons.

• question_answer4) When price of a good rises from Rs 8 per unit to Rs10 per unit, producer supplies 40 units more. Price elasticity of supply is 2. What is the quantity supplied before the price change? Calculate.

• question_answer5) Distinguish between individual's demand and market demand. Name the factors affecting demand for a good by an individual.

• question_answer6) What are capital receipts in a government budget.

 An economy is in equilibrium. Find investment expenditure: National Income = 1000 Autonomous Consumption = 100 Marginal Propensity to consume = 0.8

• question_answer8) If real income is Rs 400 and price index is 105, calculate nominal income.

 Calculate National Income: (Rs. Crores) (i) Corporation tax 100 (ii) Private final consumption expenditure 900 (iii) Personal Income tax 120 (iv) Government final Consumption expenditure 200 (v) Undistributed profits 50 (vi) Change in stocks $()20$ (vii) Net domestic fixed capital formation 120 (viii) Net imports 10 (ix) Net indirect tax 150 (x) Net factor income from abroad $()10$ (xi) Private income 1000

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