Introduction — Economics STD 12 Humanities & Commerce — Question

Explain the meaning of Managed Floating Exchange Rate.

Distinguish between voluntary unemployment and involuntary unemployment. What is the significance of this distinction?

It is given that MPC is 1/3rd of MPS, while consumption at zero level of income is given as ₹ 100 crore. Derive the consumption and saving functions. What does you suggest about this economy?

Giving reason, classify the into intermediate or final goods.
Sugar used by a sweet shop.

Explain how distribution of gross domestic product is its limitation as a measure of economic welfare.

Indian economy is in the grip of rising prices. Explain any two measures to control the situation.

Distinguish between money value (or monetary value) and commodity value of money. Give a suitable example.

Explain with the help of an example, the basis of classifying goods into final goods and intermediate goods.

Distinguish between intermediate products and final products. Give examples.

Complete the following table:

Income	Saving	Marginal Propensity to Consume	Averge Propensity to Save
0	- 12	-	-
20	- 6	-	-
40	0	-	-
60	6	-	-