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

done Solved Paper - Economics 2017 Outside Delhi Set-III Total Questions - 8

• question_answer1) Explain the problem of 'what to produce'.
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• question_answer2) 

  Complete the following table:
  Output (units)	Average Fixed Cost (Rs.)	Average Variable Cost (Rs.)	Marginal Cost (Rs.)	Total Cost (Rs.)
  1	120	40	...	...
  2	60	56	...	232
  3	...	54	...	...
  4	30	...	54	...
  5	...	...	...	1

   
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• question_answer3) 

  From the following data find out the level of output that will give the producer maximum profit (use marginal cost and marginal revenue approach). Give reasons for your answer.
  Output (units)	1	2	3	4	5
  Total Cost (Rs.)	9	17	24	29	36
  Total Revenue (Rs.)	11	20	27	32	35

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• question_answer4) Define revenue deficit.
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• question_answer5) Define marginal propensity to save.
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• question_answer6) Distinguish between stocks and flow. Give an example of each.
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• question_answer7) What are non-debt creating capital receipt? Give two example of such receipt.
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• question_answer8) 

  Calculate the (a) Gross National Product a; market price
  	(Rs in crores)
  (i) Compensation of employees	2500
  (ii) Pro61	700
  (iii) Mixed income of self?employed	7,500
  (iv) Government final consumption expenditure	3,000
  (v) Rent	400
  (vi) Interest	350
  (vii) Net factor income from abroad	50
  (viii) Net current transfers to abroad	100
  (ix) Net indirect taxes	150
  (x) Depreciation	70
  (xi) Net exports	40

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