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Madras University (UnOM) 2011 B.A Economics Macro - Question Paper

Sunday, 11 August 2013 07:25Web



PART C (3 x 10 = 30 marks)

Answer any THREE questions, each 500 words.

All questions carry equal marks.

20.    Explain the circular flow of income with suitable illustration.

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21.    Explain the difficulties in the calculation of national income.

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22.    Explain the classical theory of employment.

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23.    Describe the essence of Keynesian theory of employment.

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24.    Illustrate the relation between marginal efficiency of capital and the rate of interest.

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60709/ADA5A/

NOVEMBER 2011

tone : Three hours


AKA5A

Maximum : 75 marks

PART A (10 x 2 = 20 marks)

Answer any TEN questions, each 30 words.

All questions carry equal marks.

1.    What is meant by macro economics?

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2.    Differentiate between macro and micro economics.

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3.    What do you mean by circular flow of income?

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4.    What is meant by national income?

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5.    Define disposable income.

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6.    What is net national product?

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7.    Mention any two assumptions of classical theory. QrrarcnuD Gmlurrilt65r CTG&n-TetT

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8.    State the Says law of market.

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9.    What do you mean by consumption function? pffirr&j fftTiTL) crwTugi ujbffil rfilaigi u_irri?

10.    What is meant by average propensity to consume? ffijtTffifl pasirsq |5irili_tb srarugi lurrp?

11.    Write any two measures to raise consumption function.

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12.    What is meant by marginal efficiency of capital?

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PART B (5 x 5 = 25 marks)

Answer any FIVE questions, each 200 words.

All questions carry equal marks.

13.    Describe the significance of macro economics. Guifliua) Qurr0arrrjgrr[ra!r (iplujijj$li)GST afflsuifl.

14.    Write a note on scope of macro economics.

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15.    Explain the factors determining national income.

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16.    Distinguish between personal income and disposable income.

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17.    Describe the limitations of Says law of market. <3ff-@Qfr liisrTis}. efilluSlsiT @ef>fDurr5)err efilsuffl.

18.    Bring out the importance of Keynes consumption function.

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19.    Summarise the short-run factors determining the

marginal efficiency of capital.

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3    60709/ADA5A/

AKA5A







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