Show the impact of simultaneous change in technology of both the goods on the transformation curve. |
or |
Explain the concept of microeconomics and macroeconomics. |
Units of labour | Average Product (AP) | Marginal Product (MP) | Total Product(TP) |
1 | 8 | - | - |
2 | 10 | - | - |
3 | ? | 10 | - |
4 | 9 | - | - |
5 | 4 | - | |
6 | 7 | - | - |
Output (Q) | Price (Rs.) (P) | Total Revenue (TR) (Rs.) | Marginal Revenue (MR) (Rs.) |
4 | 9 | 36 | - |
5 | - | - | 4 |
6 | - | 42 | - |
7 | 6 | - | - |
8 | - | 40 | - |
Explain the role of open market operations in correcting the problem of deflationary gap. |
or |
Explain using diagram, under employment equilibrium. |
Elaborate the concept of 'consumption of fixed capital' and 'capital loss'. |
or |
What precautions are taken while measuring national income by income method? |
S. No. | Contents | (Rs.) in crores |
(i) | Compensation of Employees | 1,000 |
(ii) | Net Exports | (-) 50 |
(iii) | Profits | 400 |
(iv) | Interest | 250 |
(v) | Rent | 150 |
(vi) | Gross National Product at Factor Cost | 1,850 |
(vii) | Gross Domestic Capital Formation | 220 |
(viii) | Net Fixed Capital Formation | 150 |
(ix) | Change in Stock | 20 |
(x) | Factor Income from Abroad | 30 |
(xi) | Net Indirect Taxes | 100 |
(i) Profits earned by a branch of State Bank of India in England. |
(ii) Salary of Indian residents working in Russian Embassy in India. |
(iii) Compensation of employees to the residents of Japan working in Indian embassy in Japan. |
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