Introduction — Economics STD 12 Humanities & Commerce — Question

Give two examples of Macroeconomic variables.

OR

Give two examples of macroeconomic studies.

Explain “large number of buyers and sellers” feature of a perfectly competitive market.

Complete the following table:

Units Consumed	1	2	3	4	5
Total Utility	25	45	-	70	75
Marginal Utility	25	-	15	-	-

With the help of suitable example, explain the problem of 'for whom to produce'.###Explain the central problem of 'distribution of income'.

Explain how 'non-monetary exchanges' are a limitation in taking gross domestic product as an index of welfare.

If Personal Disposable Income is ₹ 1,000 crore and consumption expenditure is ₹ 750 crore, find out Average Propensity to Save.

Who prints and circulates currency in India?

The data below shows the relationship between total output and the amount of labour hired at Papa's Pizza Shop

Number Workers(per day)	Total Product (Pizzas per day)
0	0
1	100
2	200
3	300
4	400
5	500

Does the production function in the above table exhibit diminishing marginal returns? Explain.

What is the relationship between supply price of investment, prospective yield and marginal efficiency of capital?

Classify the into consumer, intermediate or capital goods.
Textile machinery.