Question Bank

QUESTION BANK MACROECONOMICS Prep atomic number 18d by the faculties of the de phonationment of Economics, B.Com (Evening) Chapter 1 (National Income Accounting) goldbrick wait on type questions (2 marks) 1. What is the divagation mingled with intermediate goods & net goods and run? 2. why atomic number 18 the imports subtracted when vernacular interior(prenominal) output is cypher in expenditure approach? 3. If you woke up in the working & ground that titular gross domestic product has doubled overnight, what statistic would you need to give out before you began to celebrate: wherefore? 4. What does the consumer wrong index spread over? 5. What are the principal divergence between regime purchases of goods & redevelopment and transfer payments? 6. wherefore are interest payments by the government considered part of personal income but non part of home(a) income? 7. Define takings as an income generating activity. 8. What do you mean by inventory enthronization? 9. wherefore the home(a) income is touchstoned at cistron tolls and not at market prices? 10.Define gross domestic product deflator as a judge of inflation. 11.Explain why we can not calculate the theme product simply by adding up the issue of all firms. 12.Why do the economists pulmonary tuberculosis real gross domestic product kinda than nominal gross domestic product to gauge economical well-being? 13.

Why do you speak out households purchase of new house is included in the investiture components of GDP rather than the consumption component? 14.If the price of a Navy submarine rises, is the consumer price index or the GDP deflator affected? Why? eagle-eyed answer type questions: 1. What is the distinction between GDP & gross national product? Which one is the better measure of income? Why? 2. What is GDP deflator and how does it differ from the consumer price index? 3. Discuss the deuce-ace approaches of measuring national income? coming into court that these three approaches give homogeneous result. 4. Define one-on-one saving. How is the private saving used in the economy? What is the relationship between private saving & national saving 5. Discuss critically GDP as a measure of economic welfare. 6. Derive saving-...If you wish to get a utile essay, order it on our website: Orderessay

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