Macroeconomics BA Sem 3 Lucknow University Ba Economics Question Paper 2023

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Questions

1. Explain in detail the major macroeconomic issues.
2. What is the nominal gross domestic product? Distinguish between gross domestic product and gross national product. When can the gross domestic product be more than the gross national product?
3. Explain the different methods of measuring national income.
4. Explain the need, objective, and problems of green accounting.
5. Elucidate the circular flow of income in a four-sector economy
6. Critically explain the classical theory of employment.
7. What is the consumption function? Explain the subjective and objective factors determining consumption function.
8. Critically examine the Keynesian theory of employment.
9. What is an investment multiplier? Explain the relationship between marginal propensity to consume and multiplier with the help of an example.
10. Explain the IS-LM model in a closed economy.

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