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Project Oriented Questions

The document contains a series of economics assignment questions for II PUC students, covering topics such as consumer behavior, production factors, market equilibrium, Gross Value Added (GVA), and budget analysis. It includes practical exercises on calculating quantities, revenues, and equilibrium points, as well as identifying currencies of various countries. The assignments aim to enhance understanding of economic concepts through problem-solving and analysis.

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103 views5 pages

Project Oriented Questions

The document contains a series of economics assignment questions for II PUC students, covering topics such as consumer behavior, production factors, market equilibrium, Gross Value Added (GVA), and budget analysis. It includes practical exercises on calculating quantities, revenues, and equilibrium points, as well as identifying currencies of various countries. The assignments aim to enhance understanding of economic concepts through problem-solving and analysis.

Uploaded by

bakaonicha18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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II PUC Economics

Assignment and Project Oriented Questions for Practice

1. A consumer wants to consume two goods the price of X1 is Rs10 and the price of X2 is Rs.20. the
consumer’s income is Rs.100. Answer the following:

1. How many X1 goods a consumer can consume if the entire income is spent on that good?

2. How many X2 goods a consumer can consume if the entire income is spent on that good?

3. Is the slope of budget line downward or upward?

4. Are the bundles on the budget line equal to the consumer income or not?

5. If the consumer wants to have more of X1, good X2 good has to be given up. Is it true?

2. Find the missing products of the following table.

Factor TPL MPL APL Factor TPL MPL APL


L L
0 0 0 0 0 0 0 0
1 10 10 1 10 10

2 22 2 22

3 14 12 3 14 12
4 8 11 4 8 11
5 50 6 10 5 50 6 10
3. In a perfectly competitive market when market price of each unit
of good is Rs.60, compute the total revenue, marginal revenue and
average revenue schedules from the following table.

Quantity Price TR MR AR Quantity Price TR MR AR


Sold sold

0 0

1 1

2 2

3 3

4 4

5 5

4. Draw a diagram for the following table and identify the equilibrium point,
equilibrium price, equilibrium quantity, excess demand and excess supply in
the diagram.
P QD QS
1 50 10
2 40 20
3 30 30
4 20 40
5 10 50
5. Find out the Gross Value Added (GVA) to National Income by calculating in
the table.

Production Total Intermediate Value Production Total Intermediate Value


Levels Production Goods used Added Levels Production Goods used Added

Wheat 500 0 Wheat 500 0


(Farmer) (Farmer)
Flour (A Flour (A
500 300 500 300
Miller) Miller)

Bread
Bread (Baker)) 1100 300 1100 300
(Baker))

Retail Shop
1100 200 Retail Shop
(Seller) 1100 200
(Seller)

Gross
Gross Value Value
Added (GVA) Added
(GVA)

6. Complete the following schedule by finding Aggregate Demand (AD) and


Aggregate Supply (AS) and state the equilibrium point.

Y C I AD AS Y C I AD AS
0 5 10 0 5 10
10 10 10 10 10 10
20 15 10 20 15 10
30 20 10 30 20 10
40 25 10 40 25 10
50 30 10 50 30 10
7. Prepare Surplus/Deficit/Balanced Budget on monthly income and expenditure
of your family.

SL.NO. REVENUE IN Rs Expenditure Rs

1.

2. Deficit
3.

4.

5.

Total Total

SL.NO. REVENUE IN Rs Expenditure Rs

1.

2. Surplus
3.

4.

5.

Total Total

SL.NO. REVENUE IN Rs Expenditure Rs

1.

2.

3. Balanced
4.

5.

Total Total
8. Name the currencies of any five countries of the following
USA, UK, Germany, Japan, China, Argentina, UAE, Bangladesh, Russia

Countries Currency Countries Currency

USA USA

UK UK

Germany Germany

Japan Japan

China China

Argentina Argentina

UAE UAE

Bangladesh Bangladesh

Russia Russia

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