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Micheal Vaz solutions for 12th Board Exam Economics chapter 8 - Introduction to Macro Economics

Micheal Vaz Class 12 Economics

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Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Chapter 8: Introduction to Macro Economics

Exercise

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 68]

Exercise | Q 1.1 | Page 68

Fill in the blank

The credit of development of macroeconomic approach must go to ________.

  • Dr.Marshall

  • Prof. Pigou

  • Lord Keynes

  • Mrs. Joan Robinson

Exercise | Q 1.2 | Page 68

Fill in the blank

_________ economics studies the problem of inflation in an economy. 

  • Micro

  • Macro

  • Static

  • Industrial

Exercise | Q 1.3 | Page 68

Fill in the blank

Macroeconomics does not study _________. 

  • whole economy

  • national income

  • aggregate supply

  • product pricing

Exercise | Q 1.4 | Page 68

Fill in the blank
_________ is the subject matter of Macroeconomics. 

  • Growth theory

  • Factory Pricing

  • Market Structure

  • Individual Incomes

Exercise | Q 1.5 | Page 68

Fill in the blank

Micro and Macro approaches are ________.

  • competitive

  • alternative

  • substitutes

  • complementary

Exercise | Q 2 | Page 68

Match the following

Group A Group B
1) Microeconomics a) Harrod and Domar
2) Macroeconomics b) Partial equilibrium
3) Theory of growth c) Principles of economics
4) Lord Keynes d) General equilibrium
    e) General theory of employment, interest and money
    f) Business economics
Exercise | Q 3.1 | Page 68

State the following statement is true or false.

Macro-Economics  is known as income analysis.

  • True

  • False

Exercise | Q 3.2 | Page 68

State the following statement is true or false.

Increase in national income is a Micro- Economic goal.

  • True

  • False

Exercise | Q 3.3 | Page 68

State the following statement is true or false.

Macro-Economic adopts lumping method.

  • True

  • False

Exercise | Q 3.4 | Page 68

State the following statement is true or false.

Study of price determination is a subject matter of Macro-Economics.

  • True

  • False

Exercise | Q 3.5 | Page 68

State the following statement is true or false.

Micro-Economics deals with the study of aggregates.

  • True

  • False

Exercise | Q 3.6 | Page 68

State the following statement is true or false.

National output is an example of macro variable.

  • True

  • False

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 68]

Exercise | Q 1.1 | Page 68

Define or Explain the following concept

Macro-Economics

Exercise | Q 1.2 | Page 68

Define or Explain the following concept

Macro variables

Exercise | Q 1.3 | Page 68

Define or Explain the following concept

General equilibrium

Exercise | Q 2.1 | Page 68

Give reason or explain the following statement

Macro-Economics is the study of aggregates.

Exercise | Q 2.2 | Page 68

Give reason or explain the following statement

Macro-Economics is also known as income and employment theory.

Exercise | Q 2.3 | Page 68

Give reason or explain the following statement

The scope of Macro-Economics is wide.

Exercise | Q 2.4 | Page 68

Give reason or explain the following statement

Macro-Economics deals with whole economy.

Exercise | Q 2.5 | Page 68

Give reason or explain the following statement

Macro-Economics is different from Micro-Economics.

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 68]

Exercise | Q 1.1 | Page 68

Distinguish between the following
Marco-Economics and Macro-Economics

Exercise | Q 1.2 | Page 68

Distinguish between the following
Slicing method and Lumping method

Exercise | Q 1.3 | Page 68

Distinguish between the following
Partial equilibrium and general equilibrium

Exercise | Q 2.1 | Page 68

Write short note on
Features of Macro-Economics

Exercise | Q 2.2 | Page 68

Write short note on
Subject matter of Macro-Economics

Exercise | Q 2.3 | Page 68

Write short note on
Historical review of Macro-Economics

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 69]

Exercise | Q 1 | Page 69

Answer the following question
What is the scope and subject matter of Macro-Economics?

Exercise | Q 2 | Page 69

Answer the following question
What are the features of Macro-Economics?

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 69]

Exercise | Q 1.1 | Page 69

Do you agree with the following statement? Give reason.

The scope of Macro-Economics is wide.

Exercise | Q 1.2 | Page 69

Do you agree with the following statement? Give reason.

Macro-Economics deals with the study of individual behavior.

Exercise | Q 1.3 | Page 69

Do you agree with the following statement? Give reason.

Macro-Economics is individualistic

Exercise | Q 1.4 | Page 69

Do you agree with the following statement? Give reason.

Macro-Economics is different from Micro-Economics.

Exercise | Q 1.5 | Page 69

Do you agree with the following statement? Give reason.

Macro-Economics is a partial equilibrium analysis.

Chapter 8: Introduction to Macro Economics Exercise Exercise solutions [Page 69]

Exercise | Q 1 | Page 69

Answer in detail
State the features of Macro-Economics.

Exercise | Q 2 | Page 69

Answer in detail
Explain the scope and subject matter of Macro-Economics.

Chapter 8: Introduction to Macro Economics

Exercise

Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Micheal Vaz solutions for 12th Board Exam Economics chapter 8 - Introduction to Macro Economics

Micheal Vaz solutions for 12th Board Exam Eco chapter 8 (Introduction to Macro Economics) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Micheal Vaz Class 12 Economics solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in 12th Board Exam Economics chapter 8 Introduction to Macro Economics are Meaning and Features of Macro Economic, Improtance of Macro Economic, Difference Between Mirco Economic and Macro Economic, Allocation of Resource and Economic Variable.

Using Micheal Vaz 12th Board Exam solutions Introduction to Macro Economics exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Micheal Vaz Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Micheal Vaz Textbook Solutions to score more in exam.

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