Are the concepts of demand for domestic goods and domestic demand for goods the same?
In a closed economy, the demand for domestic goods and domestic demand for goods are similar terms. However, in an open economy, these two terms have different meanings. Demand for domestic goods includes both domestic and foreign demand for domestic goods. Whereas, domestic demand for goods refers to the domestic market demand of a country, that is either produced domestically or abroad (foreign countries).
Popular Questions of Class 12 Macro Economics
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Differentiate between devaluation and depreciation.
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What is a barter system? What are its drawbacks?
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Write down some of the limitations of using GDP as an index of welfare of a country.
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Explain the relation between government deficit and government debt.
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From the following data, calculate Personal Income and Personal Disposable Income.
Rs (crore)
(a) Net Domestic Product at factor cost 8,000
(b) Net Factor Income from abroad 200
(c) Undisbursed Profit 1,000
(d) Corporate Tax 500
(e) Interest Received by Households 1,500
(f) Interest Paid by Households 1,200
(g) Transfer Income 300
(h) Personal Tax 500 - Q:-
Why should the aggregate final expenditure of an economy be equal to the aggregate factor payments? Explain.
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Give the relationship between the revenue deficit and the fiscal deficit.
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Discuss the issue of deficit reduction.
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Are fiscal deficits inflationary?
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What is the difference between ex ante investment and ex post investment?
Recently Viewed Questions of Class 12 Macro Economics
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What is the marginal propensity to import when M = 60 + 0.06Y? What is the relationship between the marginal propensity to import and the aggregate demand function?
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What is a barter system? What are its drawbacks?
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In the above question, calculate the effect on output of a 10 per cent increase in transfers, and a 10 per cent increase in lump-sum taxes. Compare the effects of the two.
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Differentiate between devaluation and depreciation.
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