Introduction To Macroeconomics - Class 12 Commerce Economics - Extra Questions

Match the pairs.
Group "A"Group "B"
(1)Microeconomics(a)Independent
(2)Ceteris Paribus(b)No government intervention
(3)Laissez Faire Policy(c)Individualistic
(4)Partial Equilibrium(d)Other things remaining equal
(5)Market Mechanism(e)Price determination



Answer in detail.
Explain the scope and subject matter of Macroeconomics.



Explain with reasons whether you agree or disagree with following statement.
Macroeconomics is a partial equilibrium analysis.



Macro economics is the study of aggregates. Comment.



What are the features of 'macro economics'?



Classify the following as final goods or intermediate goods.
(i) Machine purchased by a firm.
(ii) Soft drinks purchased by the school canteen.
(iii) Clothes purchased by an individual.
(iv) Coal purchased by a factory.
(v) Electricity consumption In a business.
(vi) Book purchased by a student.
(vii) Books purchased by a book seller.
(viii) Postage stamps purchased by a consumer.
(ix) Postage stamps purchased by a business unit.
(x) Exhaust fans used for making water coolers.
(xi) Seeds purchased by a farmer to produce wheat.
(xii) Seeds purchased for kitchen gardening.
(xiii) Machihes purchased by a dealer of machines.
(xiv) Car purchased by a household.
(xv) Sewing machine purchased by a housewife. 



Answer the following question in one sentence.
What do you mean by normal good?



Very Short Answer Type Questions
Define current transfers.



Study of economy as a whole is called __________ economics. (macro/micro)



State the importance of Macro Economics.



State with reason whether you agree/disagree with the following: Micro economics deals with aggregate economic variable.



Crossword Macroeconomics
Across
The main component in aggregate demand are Investment and?
This tax burden can be transferred to other parties
Factor that influences imports
Three sector economy is also known as
What is the formula of consumption function?
Down
The total income received by household in an economy that is
available to purchase goods and services or for savings
A firm's expenditure on capital goods that will be used in the
production of goods and services
Investment that depends on the national income
Four sector economy is also known as
Investment that is fixed and independent of income

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Class 12 Commerce Economics Extra Questions