Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Calculate primary deficit:

S. No.	Items	₹(in crore)
(i)	Fiscal deficit	9,000
(ii)	lnterest payment by government	400

A country's balance of trade is ₹ (-) 60 crores and value of import of goods is ₹ 100 crores. Find out the value of export of goods.

How can you find out the market supply curve from individual supply curves?

Giving reasons, state whether the following statements are true or false:
Both depreciation and devaluation of domestic currency have the same meaning.

Explain how is it possible for marginal product to fall while average product is rising?

If the domestic factor income is ₹ 50,000 crores and the national income is ₹ 45,000 crores, how much will be the net factor income from abroad?

State the fundamental problem of an economy that resulted in the emergence of central economic problems.

Define the term ‘tax’.

What does zero primary deficit mean?

What do you mean by externalities?