Introduction — Economics STD 12 Commerce — Question

What are the impacts or effects of deficient demand on price (output) employment?

Assume that the market price of US dollar was increased considerably leading to rise in price of the imports of essential goods. What can central bank do to ease the situation?

Excess money supply is necessary for rapid economic development but it creates inflationary situation. Write any two fiscal measures to control inflationary situation.

Give meaning of involuntary unemployment.

Name the broad categories of transactions recorded in the 'Current account' of the Balance of Payments Accounts.

The given set of prices which is used for finding out real per capita income, should change frequently. Why?

Distinguish between balance on trade account and balance on current account.

Give examples of macroeconomics theory.

State the components of capital account of balance of payments.

What precautions are necessary while using income method of measuring National Income?