University of Delhi 2008 B.Com Macro Economics -x - Question Paper

B.COM.PART II-2008
PAPER X
MACRO ECONOMICS
(EXTERNAL/CORRESPONDENCE)

Time allowed-3hours Maximum.marks- 100
Attempt any 5 ques..All ques. carry equal marks.
part -A

Q.1.(a)Distinguish ranging from national income at current prices and national income at constant prices?
(b)Explain the subsequent aggregates and establish their relationships:
i)Gross domestic product
ii)Net national product
iii)Net national product at factor cost
(c)How is GDP calculated using income method?

Q.2.(a)Distinguish ranging from true GDP and potential GDP?
(b)Explain Keynes'Psychological legal regulations of consumption.What are the determinants of propensity to consume?
(c)Distinguish between-
i) Induced investment and Autonomous investment
ii) Financial investment and Real investment

Q.3. What is investment multiplier ?How is the value of multiplier determined? Mention the different leakages in the multiplier process.

Q.4. (a)Given that I= 1000 C=(100+0.8Y )
d G= 100 T=100 X=500 M=0.25Y. obtain the equilibrium level of national income in an economy.
(b) What is net exports function? What causes upward shifts in the net export function? discuss with the help of diagram.

Q.5. (a) explain the importance of money in a modern economy.
(b) discuss the different function of money.
(c) discuss the option measures of money supply provided by RBI?

Q.6. Derive the IS-LM curve with the help of diagrams.What factors are responsible for the flatness and steepness of IS curve?

Q.7. describe the concept pf Balance of payments.What are its components ?Explain different methods to accurate adverse Balance of payments?

Q.8.Write short notes on any two-
(a) Long run aggregate supply curve
(b) Credit creation by commercial banks
(c) Demand for money

Earning:   Approval pending.