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Economics
4. Determination of Income and Employment
Home · Class 12 · Economics · Ref. Book · 4. Determination of Income and Employment
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Q25 of 25 Page 4

Complete the following table:






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21

Examine the economic implications of an increase in government investment expenditure when the economy is in a state of depression.

22

Distinguish between voluntary unemployment and involuntary unemployment. What is the significance of this distribution?

23

Explain the concept of the inflationary gap with the help of a diagram. What is its impact on output and prices?

24

Given consumption function C=100+0.75 Y (where C=consumption expenditure and Y=national income) and investment expenditure Rs.2000 .calculate (i) Equilibrium level of national income (ii) Consumption expenditure at equilibrium level of income

Questions · 25
4. Determination of Income and Employment
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