Introduction to Statistical Methods and Econometrics — Economics STD 12 — Question

Assertion (A): Aggregate supply function is increasing function of the level of employment.
Reason (R): Aggregate supply is only state product.

The WTO was established in 1995 as a 28 successor to the …………………….

Match the following :
A. Labour Income – (i) Profit and Interest
B. Capital Income – (ii) Domestic Factor Income
C. Mixed Income – (iii) Wages and Salaries
D. National Income – (iv) Farming, Sole proprietorship

……………………….. is called a measure of central tendency or an average or a measure of location.

Which of the following is not correctly matched

Which of the following is correctly matched.

Which is the following is correctly matched.

…………………….. is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Match the following :
A. Father of Capitalism – (i) Adam Smith
B. Father of Socialism – (ii) Karl Marx
C. Net Economic Welfare – (iii) Samuelson
D. Father of Macro Economics – (iv) J.M. Keynes

Assertion (A): The Income method is called Factor Earning Method.
Reason (R): This method approaches National Income from the distribution side.