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ECO401 Final paper 23 February 2013

Total Questions: 60
Total Marks: 78
Total MCQs: 54 (Each of 1 Mark)
Total Short Questions: 3 (Each of 3 Mark)
Total Long Questions: 3 (Each of 5 Mark)
Q1: Give the reasons of poverty of underdeveloped countries by trap theories? (3)
Q2: Why government needs to revalue its currency? (3)
Q3: What is meant by non price competition? (3)
Q4: Discuss the components on the assets and liabilities side of the balance sheet of a central bank. (5)
Q5: Recall the Equation of Quantity theory of money and calculate the missing figure in each of the following cases:
a) Velocity of money (V) = 4, Price (P) = 5 and output (Q) =100. Calculate the missing figure.
b) Money supply (M) = 200, velocity of money (V) = 7 and output (Q) = 700.
Calculate the missing figure. (5)
Q6: Consider the following:
Consumption=500+0.90Y
Investment=300
Import=250
Export=150
Government expenditure=300
Use the injection-leakage approach to find the savings. (5)


ECO401 Economics
Today Final Term Paper Fall 2012

Total Questions: 60
Total Marks: 78
Total MCQs: 54 (Each of 1 Mark)
Total Short Questions: 3 (Each of 3 Mark)
Total Long Questions: 3 (Each of 5 Mark)
• What is meant by exchange rate? Also give example of exchange rate.
• Explain Average variable cost and Average fixed cost with the help of formulae?
• Write the key variables for macroeconomic model? (
• Circular flow of goods and income for firms and households?
• What is the reason of poverty in developing countries according to
• Prebisch-Singer Hypothesis?
• Explain the difference b/w Indifference curve approach and Indifference map with the help of diagram?

 

 

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