QUESTION FOR SLOW LEARNER FOR CLASS XII ECONOMICS.

QUESTIONS FOR SLOW LEARNER

CLASS - XII ECONOMICS

PART - B  MACRO ECONOMICS

UNIT - 5 . NATIONAL INCOME  AND RELATED AGGREGATES  ( Total Marks = 10 )

1. Factor owners, factor income, leakage, injection,

2. Circular flow of income in two sector economy.

3. stock and flow

4. GDP and GNP at FC and MP.

5. GDP and economic welfare.

6. GDP and Welfare & Externalities.

                                                            1 MARK QUESTIONS.

1. Define consumer and producers goods.

2. Intermediate goods and final goods.

3. Define stock and flow.

4. Define gross investment and net investment.

5. Define depreciation.

6. Define normal resident.

7. Define NDP at FC and MP.

8. What is meant by operating surplus.

9. Define Private and personal income.

10. What is real GDP and nominal GDP?

11. Define personal disposable income.

12. What is GDP defaulter?

3/4/ 6 Marks Questions.

1. Distinguish between Leakage and injection.

2. What are the differences between stock and flow?

3. Explain the steps involves in calculation of National Income by income method.

4. How is the value added by an individual firm calculated? Explain with numerical problems.

5. Does GDP measure economic welfare?

6. Explain the method of measuring  National income by Expenditure Method.