Files CBSE Class 12 Economics Previous Year Question Paper with Solutions PDF

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1.4 Production possibility curve (PPC) diagrams Economics CIE IGCSE Topical Past Paper 2

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CIE IGCSE Topical Past Paper 2 1.4 Production possibility curve (PPC) diagrams      0455/22/O/N/24 In 2021, the production point on the UK’s production possibility curve (PPC) changed. Average wages increased. The average annual wage of a waiter was $23,580 while that of a chief executive of a large commercial bank was $1,617,000. A rise in wages enables people to eat in restaurants more often. Some of the food sold in UK restaurants is imported. In 2021, the UK government signed free trade agreements, removing import restrictions, with a number of countries. (a) Identify two places where a production point could be located on a PPC diagram. [2] (b) Explain two reasons why someone may switch from eating in one restaurant to eating in another restaurant. [4] 0455/22/O/N/23  In 2020, Singapore experienced a decrease in both its population size and its labour force. 2020 wa...
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important questions ch 1,2,3,4,5,6,10 economic CLASS 12

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  1. Explain the concept of a fiscal deficit in a government budget. What does it indicate?   (4) 2. From the given information, determine the following:                               (3) (a) Capital expenditure (b) Total expenditure (c) Interest payments Particulars ( ₹ in crores) Fiscal deficit Revenue deficit Primary deficit Revenue receipts Non-debt capital receipts 12,000 9,000 5,000 6,000 10,000 3.  If total deposits created by commercial banks are Rs. 12,000, LRR is  25%, calculate initial deposit.                                          ...
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