Solved papers for 12th Class Economics Solved Paper - Economics 2017 Delhi Set-II

done Solved Paper - Economics 2017 Delhi Set-II Total Questions - 7

• question_answer1) Explain the problem of 'what to produce'.
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• question_answer2) A consumer consumes only two goods: Explain the conditions of consumer's equilibrium using utility analysis.
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• question_answer3) 

  X and Y are complementary goods. The price of Y falls. Explain the chain of effects of this change in the market of X.

  Or

  Explain the chain of effect of excess demand of a good on its equilibrium price.

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• question_answer4) What is revenue deficit?
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• question_answer5) 

  An economy is in equilibrium. From the following data about an economy calculate investment expenditure:

  (i) Income = 10000

  (ii) Marginal propensity to consume =0.9

  (iii) Autonomous consumption =100

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• question_answer6) Assuming that increase in investment is Rs 800 crore and marginal propensity to consume is 0.8, explain the working of multiplier.
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• question_answer7) 

  Calculate (a) national income
  	Shefihere	Rs. In Crore
  (a)	Net factor income  to abroad	(-) 50
  (b)	Net indirect taxes	800
  (c)	Net current transfers from rest of the world	100
  (d)	Net importing	200
  (e)	Private final consumption expenditure	5000
  (f)	Government final consumption expenditure	3000
  (g)	Gross domestic capital formation	1000
  (h)	Consumption of fixed capital	150
  (i)	Change in stock	(-) 50
  (j)	Mixed income	4000
  (k)	Scholarship to students	80

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