1. describe the term ‘involuntary unemployment’ in detail.
2. Why old age pension is not included in national income?
3. describe Gross Domestic Product at market price (GDPMP).
4. What do you mean by Average Propensity to Consume? describe in detail.
5. Differentiate between Induced investment and Autonomous investment.
6. What do you mean by ‘Recession’.
7. How does marginal efficiency of capital affect the level of investment?
8. What are the leakages in the working of investment multiplier?
9. How do open market operations by Central Bank affect the availability of credit?
10. What do you mean by ‘Inflationary Gap'?