Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Given real income to be 400 and price index be 100, calculate nominal income.

Giving reason state whether are included or excluded in/ from domestic territory.
Indian Embassy in China.

The value of the nominal GNP of an economy was Rs. 2,500 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs. 3,000 crores. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration?

Classify the into durable, non-durable, semi-durable or service.
Visit of a physician.

Explain the role of government budget in bringing economic stability.

How will Goods and Services Tax (GST) be a comprehensive indirect tax? Explain.

Recently Government of India has doubled the import duty on gold. What impact is it likely to have on foreign exchange rate and how?

Given nominal income to be ₹ 375 and price index 125, calculate real income.

Increase in money supply is an effective measure to control economic depression, but it creates the burden of borrowing on economy. Explain any two measures by which economic depression can be controlled even in the situation of increase in money supply.

Explain the role of bank rate in dealing with the problem of deficient demand.