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Macro 01 Introduction

Ncert Solution for class-12 Economics Macroeconomics Chp-1 Introduction from NCERT solution text book prescribes for class 12 Economics.The chapter covered What is the difference between microeconomics and macroeconomics? Describe the four major sectors in an economy according to the macroeconomic point of view. Describe the Great Depression of 1929.

Micro 01 Introduction

Ncert Solution for class-12 Economics Microeconomics Chp-1 Introduction from NCERT solution text book prescribes for class 12 Economics.The chapter covered What do you understand by normative economic analysis? What do you understand by positive economic analysis? Distinguish between a centrally planned economy and a market economy.

Macro 02 National income accounting

Ncert Solution for class-12 Economics Macroeconomics Chp-2 National income accounting from NCERT solution text book prescribes for class 12 Economics.The chapter covered What are the four factors of production and what are the remunerations to each of these called? Distinguish between stock and flow. Between net investment and capital, which is a stock and which is a flow? Compare net investment and capital with flow of water into a tank.

Micro 02 Theory of consumer behaviour

Ncert Solution for class-12 Economics Microeconomics Chp-2 Theory of consumer behaviour from NCERT solution text book prescribes for class 12 Economics.The chapter covered A consumer wants to consume two goods. The prices of the two goods are Rs. 4 and Rs. 5 respectively. The consumer’s income is Rs 20. How much of good 2 can she consume if she spends her entire income on that good?

Macro 03 Money and Banking

Ncert Solution for class-12 Economics Macroeconomics Chp-3 Money and Banking from NCERT solution text book prescribes for class 12 Economics.The chapter covered What are the main functions of money? How does money overcome the shortcomings of a barter system? What is transaction demand for money? How is it related to the value of transactions over a specified period of time?

Macro 04 Income Determination

Ncert Solution for class-12 Economics Macroeconomics Chp-4 Income Determination from NCERT solution text book prescribes for class 12 Economics.The chapter covered What is marginal propensity to consume? How is it related to marginal propensity to save? What do you understand by 'parametric shift of a line'? How does a line shift when its: What is 'effective demand'? How will you derive the autonomous expenditure multiplier when price of final goods and the rate of interest are given?

Micro 04 Theory of the Firm Under Perfect Competition

Ncert Solution for class-12 Economics Microeconomics Chp-4 Theory of the Firm Under Perfect Competition from NCERT solution text book prescribes for class 12 Economics.The chapter covered What are the characteristics of a perfectly competitive market? Cheap and Efficient Transport and Communication: How are the total revenue of a firm, market price, and the quantity sold by that firm related to each other?

Macro 05 The Government Budget and Economy

Ncert Solution for class-12 Economics Macroeconomics Chp-5 The Government Budget and the Economy from NCERT solution text book prescribes for class 12 Economics.The chapter covered Distinguish between revenue expenditure and capital expenditure. 'The fiscal deficit gives the borrowing requirement of the government'. Elucidate. Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y (a) What is the level of equilibrium income?

Micro 05 Market Equilibrium

Ncert Solution for class-12 Economics Microeconomics Chp-5 Market Equilibrium from NCERT solution text book prescribes for class 11 Mathematics.The chapter covered Suppose the market determined rent for apartments is too high for common people to afford. If the government comes forward to help those, seeking apartments on rent by imposing control on rent, what impact will it have on the market for apartments?

Macro 06 Open Economy Macroeconomics

Ncert Solution for class-12 Economics Macroeconomics Chp-6 Open Economy Macroeconomics from NCERT solution text book prescribes for class 12 Economics.The chapter covered What are official reserve transactions? Explain their importance in the balance of payments. Distinguish between the nominal exchange rate and the real exchange rate. If you were to decide whether to buy domestic goods or foreign goods, which rate would be more relevant? Explain.

Micro 06 Non Competitive Markets

Ncert Solution for class-12 Economics Microeconomics Chp-6 Non-Competitive Markets from NCERT solution text book prescribes for class 11 Mathematics.The chapter covered What would be the shape of the demand curve so that the total revenue curve is. From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand: What is the value of the MR when the demand curve is elastic?

Micro 03 Production and Costs

Ncert Solution for class-12 Economics Microeconomics Chp-3 Production and Costs from NCERT solution text book prescribes for class 12 Economics.The chapter covered What is the total product of an input? What is the marginal product of an input? Explain the relationship between the marginal products and the total product of an input. Explain the concepts of the short run and the long run.



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