CBSE Class 12 Economics Income Determination Worksheet

Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics Income Determination Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 12 Assignments and practice them daily to get better marks in tests and exams for Grade 12. Free chapter wise worksheets with answers have been designed by Standard 12 teachers as per latest examination pattern

Income Determination Class 12 Economics Worksheet Pdf

Class 12 Economics students should refer to the following printable worksheet in Pdf for Income Determination in Grade 12. This test paper with questions and solutions for Standard 12 Economics will be very useful for tests and exams and help you to score better marks

Class 12 Economics Worksheet for Income Determination

VERY SHORT ANSWERS / OBJECTIVE TYPE (1 MARK)
 
1. Aggregate demand is the sum of ___________________ and investment
 
2. When the consumption expenditure is more than the income, the value of APS be _________
 
3. In case of excess demand, central bank should _______ the bank rate
 
4. In case of _____________ , central bank starts buying securities from commercial banks
 
5. If MPC = 0, the value of multiplier is
a. 0 c. 1
b. Between 0 and 1 d. Infinity
 
6. In a situation of ‘Inflationary gap ‘ at the full employment level of income :
a. AD > AS c. AD = AS
b. AD <AS d. None of these
 
7. Aggregate demand can be increased by :
a. Increasing bank rate
b. Selling bank securities by Reserve bank of india
c. Increasing cash reserve ratio
d. None of the above
 
8. At the break-even point:
a. C > Y c. C = Y
b. C < Y d. None of these
 
9. Out of the following which value can be greater than one?
a. APC c. APS
b. MPC d. MPS
 
10. According to which economist national income can be determined even below the full employment level :
a. Adam smith c. J.B Say
b. J.M Keynes d. None of these
 
SHORT ANSWER QUESTIONS ( 3/ 4 MARKS )
 
1. How much is the value of MPS in an economy when MPS = 0.8?
 
2. If the households save ₹ 500 crores out of a total income of ₹5,000 crores in an economy. Calculate MPC.
 
3. If the total income increases from ₹ 5,000 crore to ₹6,000 crore and consumption increase from ₹1,000 crore to ₹1,500, calculate MPC.
 
4. If MPS of an economy is 0.3 and the income increases from ₹6, 000 crores to ₹9, 000 crores, what will be the additional consumption in the economy?
 
5. If APC of an economy is 0.8, what shall be savings at the income level of ₹2, 000 crores?
CBSE Class 12 Economics Income Determination Worksheet 1
 
7. If MPC is 0.75, calculate the value of multiplier.
 
8. In an economy MPC is 0.8 and investment increases by ₹1, 000 crores. Calculate the total increase in income.
 
9. If an increase of ₹10, 000 in investment results in an increase in income of ₹40, 000,calculate MPS in the economy.
 
10. Calculate the change in income when MPC =0.8 and change in investment is ₹1, 000 crores.
 
11. Write the relation between MPC and multiplier.
 
12. Distinguish APC and APS
 
LONG ANSWER QUESTIONS ( 6 MARKS )
 
13. Explain consumption function using numerical example and diagram.
 
14. Explain the steps to derive saving curve from consumption curve. Use diagram
 
15. A change in investment results in change in National Income. Elucidate.
 
16. How does an economy reach equilibrium? Use saving and Investment curve,
 
17. What are the changes take place in the economy when AD is not equal to AS.
 
18. Explain the role of monetary measures to correct deflationary gap.
 
19. What is excess demand? How fiscal measures help to correct this situation?
 
20. In an economy C = 25 + 0.8 Y and Investment = 75 crore. Calculate
a) Equilibrium National Income
b) Consumption at equilibrium income


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