Solved papers for 12th Class Economics Solved Paper - Economics 2015 Delhi Set-II

done Solved Paper - Economics 2015 Delhi Set-II Total Questions - 7

• question_answer1) Give equation of Budget Set.
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• question_answer2) 

  Giving reason comment on the shape of Production Possibilities curve based on the following schedule:
  Good X (units)	Good Y (units)
  0	8
  1	6
  2	4
  3	2
  4	0

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• question_answer3) A consumer spends Rs. 60 on a good priced at Rs. 5 per unit. When price falls by 20 percent, the consumer continues to spend Rs. 60 on the good. Calculate price elasticity of demand by percentage method.
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• question_answer4) 

  Market for a good is in equilibrium. The demand for the good 'decreases'. Explain the chain of effects of this change.

   
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• question_answer5) If the Nominal GDP is Rs. 1,200 and Price Index (with base = 100) is 120, calculate Real GDP.
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• question_answer6) 

  An economy is in equilibrium. Find 'autonomous consumption' from the following:

  National income = 1,000

  Marginal propensity to consume = 0.8

  Investment expenditure = 100

   
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• question_answer7) 

  Calculate ?Gross National Product at Market Price:
  (Rs. crores)
  (i)	Rent	100
  (ii)	Net current transfers to rest of the world	30
  (iii)	Social security contributions capital formation	47
  (iv)	Mixed income	600
  (v)	Gross domestic capital formation	140
  (vi)	Royalty	20
  (vii)	Interest	110
  (viii)	Compensation of employees	500
  (ix)	Net domestic capital formation	120
  (x)	Net factor income from abroad	(-) 10
  (xi)	Net indirect tax	150
  (xii)	Profit	200

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