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Chapters
2: Consumer's Behavior
3: Demand Analysis
4: Elasticity of Demand
5: Producer's Behaviour
6: Forms of Market and Price Determination Under Perfect Competition
7: Factors of Production
8: Introduction to Macro Economics
9: National Income
▶ 10: Determinants of Aggregates
11: Money
12: Commercial Banking
13: Central Banking
14: Public Economics
![Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 10 - Determinants of Aggregates - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 10 - Determinants of Aggregates")
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Solutions for Chapter 10: Determinants of Aggregates
Below listed, you can find solutions for Chapter 10 of Maharashtra State Board Micheal Vaz for Economics [English] 12 Standard HSC.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 1 [Page 93]
Fill in the blank with appropriate alternatives given below
The General Theory of Employment, Interest and Money was written by __________.
David Ricardo
Adam Smith
J.M.Keynes
Alfred Marshal
Fill in the blank with appropriate alternatives given below
That part of income, which is not spent on consumption, is called __________.
expenditure
saving
investment
publicdebt
Fill in the blank with appropriate alternatives given below
Intersection between aggregate demand and aggregate supply curves determines the point of __________ demand.
composite
complementary
joint
effective
Fill in the blank with appropriate alternatives given below
__________ consumption cannot be zero.
Induced
Autonomous
Government
Private
Fill in the blank with appropriate alternatives given below
Investment made by the government is __________ investment.
induced
autonomous
gross
unplanned
Match the following Group:
| Group A | Group B | ||
| 1) | Aggregate Supply | a) | Expected receipts |
| 2) | Autonomous Investment | b) | Lord J. M. Keynes |
| 3) | Consumption | c) | Government Investment |
| 4) | A.P.C. | d) | ΔC/ΔY |
| 5) | Investment | e) | C/Y |
| f) | Addition to stock of capital | ||
| g) | Destruction of utility | ||
State whether the following statement is true or false.
Consumption expenditure is the only component of aggregate demand.
True
False
State whether the following statement is true or false.
The difference between a country's exports and imports is termed as net earnings from foreign transactions.
True
False
State whether the following statement is true or false.
Autonomous consumption is income elastic.
True
False
State whether the following statement is true or false.
The equality between aggregate demand and aggregate supply determines the equilibrium level of employment.
True
False
State whether the following statement is true or false.
At breakeven point Consumption (C) is equal to income (Y).
True
False
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 2 [Page 94]
Define or Explain the following concept:
Autonomous Consumption
Define or Explain the following concept:
Aggregate Demand
Define or Explain the following concept:
Aggregate Supply
Define or Explain the following concept:
Effective Demand
Give reason or explain.
Investment demand is not the sole determinant of aggregate demand.
Give reason or explain.
Saving may be used in future for unforeseen contingencies.
Give reason or explain.
There are many subjective factors determining consumption function.
Give reason or explain.
Aggregate demand is a positive function of the level of employment and output.
Give reason or explain.
The Propensity to Consume means consumption function.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 3 [Page 94]
Distinguish between:
Aggregate Demand and Aggregate Supply
Distinguish between autonomous investment and induced investment.
Distinguish between:
Exports and Imports
Distinguish between:
Consumption and Saving
Distinguish between:
Consumption Function and Saving Function
Write Short note on:
Effective Demand
Write Short note on:
Saving Function
Write Short note on:
Break-even Point
Write Short note on:
Average Propensity to Consume
Write Short note on:
Marginal Propensity to Consume
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 4 [Page 94]
Answer the following question:
What are the determinants of Aggregate Demand (AD)?
Answer the following question:
What are the determinants of Aggregate Supply (AS)?
Answer the following question:
State J. M. Keynes' Psychological Law of Consumption.
Answer the following question:
What is autonomous consumption?
Answer the following question:
State the subjective factors determining consumption function?
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 5 [Page 94]
State with reason whether you agree or disagree with the following statement.
Aggregate demand depends only on the consumption expenditure.
State with reason whether you agree or disagree with the following statement.
Aggregate supply is influenced by the state of technology only.
State with reason whether you agree or disagree with the following statement.
Positive net earnings from foreign transactions add to aggregate demand.
State with reason whether you agree or disagree with the following statement.
At break-even point, consumption (C) is equal to income (Y).
State with reason whether you agree or disagree with the following statement.
Savings are negative before break-even point.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 10 Determinants of Aggregates Exercise 6 [Page 94]
Answer in detail.
Explain the determinants of aggregate demand.
Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.
Answer in detail.
Explain the equilibrium between Aggregate Demand and Aggregate Supply.
Answer in detail.
What are the objective factors influencing consumption function?
Answer in detail.
Give an idea about the subjective factors determining consumption function.
Solutions for 10: Determinants of Aggregates
Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 10 - Determinants of Aggregates
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Concepts covered in Economics [English] 12 Standard HSC chapter 10 Determinants of Aggregates are Total Demand for Good and Services, Concept of Aggregate Demand and Aggregate Supply, Investment Demand, Government Demand, Foreign Demand, Difference Betweeen Export and Import, Effect of Population of Consumption Expediture, Types of Investment Expenditure, Micro Eco-Equilibrium, Consumption.
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