NCERT Solutions for Class 12 Macro Economics Chapter-1 Introduction to Macroeconomics and its Concepts NCERT TEXTBOOK QUESTIONS SOLVED 1. Describe the five major sectors in an economy according to the macroeconomic point of view.[3-4 Marks] Ans: An economy may be' divided into different sectors depending on the nature of study. Producer sector engaged in the production … [Read more...]
NCERT Solutions for Class 12 Macro Economics National Income Determination and Multiplier
NCERT Solutions for Class 12 Macro Economics Chapter-6 National Income Determination and Multiplier NCERT TEXTBOOK QUESTIONS SOLVED Question 1. Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and level of income (Y) is Rs 4000 crores. State whether the economy is in equilibrium or not … [Read more...]
NCERT Solutions for Class 12 Macro Economics Money
NCERT Solutions for Class 12 Macro Economics Chapter-3 Money NCERT TEXTBOOK QUESTIONS SOLVED 1. What is Barter system? What are its drawbacks? [3 Marks] Ans:Barter system of exchange is a system in which goods are exchanged for goods. It’s Drawbacks are: Lack of double coincidence of wants. Lack of divisibility. Difficulty in storing wealth. Absence of … [Read more...]
NCERT Solutions for Class 12 Macro Economics Aggregate Demand and Its Related Concepts
NCERT Solutions for Class 12 Macro Economics Chapter-5 Aggregate Demand and Its Related Concepts NCERT TEXTBOOK QUESTIONS SOLVED Question 1. What is marginal propensity to consume? How is it related to marginal propensity to save?[3-4 Marks] Answer: (i) The ratio of change in consumption (C) to change in income (Y) is known as marginal propensity to consume. It indicates … [Read more...]
NCERT Solutions for Class 12 Macro Economics Balance of Payment
NCERT Solutions for Class 12 Macro Economics Chapter-10 Balance of Payment NCERT TEXTBOOK QUESTIONS SOLVED Question 1. Differentiate between Balance of Trade and Current Account Balance. [3 Marks] Or Distinguish between BOT and Balance on current account.[AI 2008, CBSE 2013, Sample Paper 2013] Answer: Question 2. Should a current account deficit be a cause for … [Read more...]