Commerce Exam > Commerce Notes > Economics Class 12 > Worksheet: Introduction to Macroeconomics - 1
Worksheet: Introduction to Macroeconomics - 1 | Economics Class 12 - Commerce PDF Download
Very Short Answer/Objective Type Questions
Q1: Define macroeconomics.
Q2: Which of the following is not a stock variable?
(a) Changes stock
(b) capital
(c) money supply
(d) All of the above
Q3: Who wrote the book General theory of employment and interest?
Q4: ____ variables measured over a period of time.
Q5: Measurement of National income is part of ____ economics.
Q6: Intermediate goods are :
(a) Purchased by firm
(b) They are non-durable nature
(c) Meant for further process of production
(d) All of the above
Q7: Interest is the reward for land as factor of production.
Q8: Define capital goods.
Q9: Give two examples of consumer durables.
Short Answer Questions
Q10: What is meant by double counting? How can it be avoided?
Q11: Distinguish between intermediate and final goods. Why is the value of final goods not included in national income?
Q12: Distinguish between domestic income and national income
Q13: Distinguish stock and flow variable.
Q14: Machine purchased is always a final good. Do you agree? Explain
Long Answer Questions
Q15: Define circular flow of income. Using a flow chart, explain the flow of income in a two sector economic model with financial sector.
Q16: Describe the four major sectors in an economy according to the macroeconomic point of view.
You can access the solutions to this worksheet here.
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