Introduction — Economics STD 12 Commerce — Question

Explain how can government spending be helpful in removing deficient demand.

During a given year the nominal national income increased by percent while the real national income increased by only 6 percent. Population increased by 2 percent. What has caused the difference between nominal income and real income? What is real per capital income?

Give two examples of Macroeconomic variables.
OR
Give two examples of macroeconomic studies.

Differentiate between Current transfers and Capital Transfers.

What are the advantages of commercial banks?

How is the GST going to be administered?

'Lack of store of value' was a major problem under barter system, but goods like diamond, gold can be easily stored for future use. Then why this was not a popular mean under barter system?

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

What is the difference between depreciation and depreciation reserve fund?

Distinguish between autonomous and accommodating transactions of balance of payments account.