Madras University (UnOM) 2011 B.A Economics Macro - Question Paper
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
Attachment: |
Earning: Approval pending. |