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B.A LL.B. (Semester III) Examination April 2016
Economics (Macroeconomics)
Total marks: 75
(8 x 8 = 64)
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Instructions: 1) Answer any Eight from Q.1 to Q. 12.
2) Q. No 13 and Q. No. 14 are compulsory.
- Explain GDP and NNP as concepts of National Income.
- How is national income related to Government sector?
- Explain the precautions that should be taken while measuring national income in all the three months.
- Discuss Say's Law of market under the classical approach.
- Elaborate on the employment and output situation under the classical approach.
- How has Keynes evaluated the classical approach?
- Evaluate the employment and output theory given by Keynes.
- Explain ex post and ex ante investment.
- Discuss the classical theory of interest.
- Explain the characteristics of a trade cycle.
- Evaluate the relationship between economic growth and technical progress.
- Explain Harrod and Domar's Theory Growth.
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13) Short notes answer any two out of three. (3x2=6)
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- What is personal income of an individual?
- What is meant by economic growth and development?
- How does the investment multiplier work?
14) Short notes answer any two out of three. (2x2.5=5)
- What is NDP?
- Why is green accounting important?
- What is effective demand?
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