Money and Banking — Economics STD 12 Humanities & Commerce — Question

In macroeconomics, aggregate demand refers to planned purchase of goods and services during a year. (True/ False)

Are the following statement true or false? Give reason.
Revaluation and appreciation of currency are one and the same thing.

Giving reasons, state whether the following statements are true or false.
Real GDP includes domestic income at current prices.

The Salaries received by Indians working in branches of foreign banks in India are include in the estimation of domestic income. (True/ False).

Giving reason, state whether the following statement are true or false:
Butter is only a final product.

Giving reasons, state whether the following statements are true or false:
Average propensity to save is always greater than zero.

Equilibrium below full employment level does not lead to fall in output level. (True/ False)

Giving reason, state whether the following statement are true or false.
Foreign exchange received on account of export of sugar will be recorded in current account.

Giving reasons, state whether the following statements are true or false.
Exports are a part of net factor income from abroad.

Giving reason, state whether the following statement are true or false.
Borrowing by government from World Bank to finance the BOP deficit will be recorded in the capital account.