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Determination of Income and Employment

CBSE · Class 12 · Economics

Flashcards for Determination of Income and Employment — CBSE Class 12 Economics. Quick Q&A cards covering key concepts, definitions, and formulas.

34 questions70 flashcards5 concepts

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A flowchart illustrating how macroeconomic models simplify the economy by focusing on key variables like national income, price level, and interest rate, and how 'ceteris paribus' is applied to analyz
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70 Flashcards
Card 1Introduction to the chapter

What is the main idea of the income and employment determination model?

Answer

National income is determined by the equality of ex ante aggregate demand and ex ante aggregate supply in the final goods market. The model assumes a fixed price level and a constant rate of interest,

Card 2अध्याय का परिचय

आय और रोजगार निर्धारण मॉडल का मुख्य विचार क्या है?

Answer

राष्ट्रीय आय का निर्धारण अंतिम माल बाजार में पूर्व-अग्रिम समग्र मांग और पूर्व-अग्रिम समग्र आपूर्ति की समानता से होता है। मॉडल एक निश्चित मूल्य स्तर और ब्याज की एक स्थिर दर मानता है, इसलिए ध्यान उत्पाद

Card 3पूर्व और बाद में

समष्टि अर्थशास्त्र में पूर्व-पूर्व और पूर्व-पश्च का क्या अर्थ है?

Answer

एक्स एंटे मूल्य, उपभोग, निवेश या अंतिम वस्तुओं के उत्पादन के नियोजित उपाय हैं। एक्स पोस्ट मूल्य वास्तविक या लेखांकन उपाय हैं कि वास्तव में क्या हुआ। सरल शब्दों में, एक्स एंटे वह है जो नियोजित किया गया

Card 4Ex ante and ex post

What do ex ante and ex post mean in macroeconomics?

Answer

Ex ante values are planned measures of consumption, investment, or output of final goods. Ex post values are actual or accounting measures of what really happened. In simple words, ex ante is what has

Card 5Consumption

Define consumption function.

Answer

The consumption function is C = C̄ + cY. Here, C̄ is autonomous consumption, which does not depend on income, and cY is induced consumption, which changes with income. This shows that households consu

Card 6उपभोग

उपभोग फलन को परिभाषित करें।

Answer

उपभोग फलन C = C̄ + cY. Here है, C̄ स्वायत्त उपभोग है, जो आय पर निर्भर नहीं है, और cY प्रेरित उपभोग है, जो आय के साथ बदलता है। इससे पता चलता है कि आय शून्य होने पर भी परिवार उपभोग करते हैं, और आय बढ़ने

Card 7उपभोग

उपभोग करने की सीमांत प्रवृत्ति (MPC) क्या है?

Answer

MPC आय में प्रति इकाई परिवर्तन पर उपभोग में परिवर्तन है। सूत्र है MPC = ΔC/ΔY = c. इसका मान 0 और 1 के बीच होता है। यदि MPC 0 है तो आय के साथ उपभोग में परिवर्तन नहीं होता है, यदि MPC 1 है तो आय में सम्

Card 8Consumption

What is marginal propensity to consume (MPC)?

Answer

MPC is the change in consumption per unit change in income. The formula is MPC = ΔC/ΔY = c. Its value lies between 0 and 1, inclusive of both values. If MPC is 0, consumption does not change with inco

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Determination of Income and Employment covers several key topics that are frequently asked in CBSE Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
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