CUET UG Economics — Macro previous year questions with solutions.
When all of an economy's output is sold during a single accounting year, the value of output is represented by:
If a farmer sells wheat to miller for Rs. 500 and miller sells flour to baker for Rs. 700 and baker sells bread to the consumer for Rs. 1000, then total value added by miller and baker is:
Match List I with List II | LIST I (Concept under Theory of Income determination) | LIST II (Meaning) | |---|---| | A. Saving < Investment | I. When AD<AS | | B. $\frac{1}{1-mpc}$ | II. Under employment equilibrium | | C. National income will fall | III. Planned inventory would fall below the desired level | | D. AD=AS at a point less than full employment | IV. Multiplier | Choose the correct answer from the options given below:
Identify the correct statement from the following: A. Consumption curve starts from the origin B. The sum of APC and APS is equal to 1 C. Aggregate demand and market demand mean the same D. The value of MPC and MPS varies between 0 and 1 E. At breakeven point saving is zero Choose the correct answer from the options given below:
In a time of deflation, the Central Bank should:
Identify the monetary invention that can Close the inflationary group:
Actual aggregate demand's gap from that needed to achieve full employment equilibrium is referred to as:
At equilibrium level of income in an economy:
If the ratio between MPC and MPS is 4:1, the value of investment multiplier will be:
In an economy if equilibrium level of national is Rs. 2000 crores, Autonomous consumption = Rs. 400 crores and Investment expenditure = Rs. 200 crores, then MPC will be:
In an economy MPS=0.20 and investment is increased by Rs. 400 crores, than total increase in income is _____ Crores.
_____ is included in the government budget as a capital receipt.
Which of the following is an example of Goods and service tax (GST)
Percent is excluded from GST four tier formation
Pick out the incorrect one :
Identify normal residents of India from amongst the following.
If a Country's real GDP is $\overline{\mathbf{\tau}}$ 400 crores and its nominal GDP is $\overline{\mathbf{\tau}}$ 1000 crores, its GDP deflator is : (Choose the correct alternative).
Identify the items which will be classified as stock items. (A) Production (B) Money supply (C) Interest on deposits (D) Savings (E) Capital stock in a Country Choose the **correct** answer from the options given below :
Which out of the following are intermediate goods ? (A) Milk purchased by a household (B) Sugar purchased by a restaurant (C) Furniture purchased by school (D) Chalk and duster purchased by school (E) Printer purchased by a lawyer Choose the **correct** answer from the options given below :
Identify the situation when value of Domestic Income is equal to the value of National Income.
If Gross Domestic Product at Market Price (GDPmp)=2995 crore. Private final consumption expenditure=1100 crore. Gross domestic fixed capital formation=1000 crore. Government final consumption expenditure=900 crore. Net imports=75 crore. The change of stock will be :
__________ can never be negative while __________ can have value as 1.
Economics all across the globe are facing the problem of deficient demand post covid 19. Such a situation in India can be corrected by : (Choose the correct alternative).
If the autonomous consumption is given as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.