supply. If aggregate demand is only sufficient to support a of aggregate supply at less than full employment, then the economy is in under full employment equilibrium. The two monetary policy measures are : 1. Reduction in bank rate by the Central Bank. 2. Reduction in cash reserve Ration by the Central Bank. 2 1 1 4 2 31. Income Method National Income = iv + viii + (iii + ix) + xi +xiii x Ō = 600 + 55 + (200 +25) + 20 +130 -30 = Rs 1,000 crore Expenditure Method National Income = vi + i + vii + xiv v + ii xii x Ō Ō Ō = 800 + 100 + 120 + 70 60 + 10 10 30 Ō Ō Ō = Rs 1,000 crore OR GNDI = iv + ii + vi ix Ō = 1000 + 100 + 50 (-20) Ō = Rs 1170 crore Personal Income = (iv + (vii ix + x) viii iii Ōxi) Ō Ō Ō = 1000 -80 + 70 (- 20) + 30 40 90 Ō Ō Ō = Rs 910 crore 1 1 ½ 1 ½ 1 1 ½ 1 ½ 1 1 ½ 1 ½
supply. If aggregate demand is only sufficient to support a of aggregate supply at less than full employment, then the economy is in under full employment equilibrium. The two monetary policy measures are : 1. Reduction in bank rate by the Central Bank. 2. Reduction in cash reserve Ration by the Central Bank. 2 1 1 4 2 31. Income Method National Income = iv + viii + (iii + ix) + xi +xiii Ō x = 600 + 55 + (200 +25) + 20 +130 -30 = Rs 1,000 crore Expenditure Method National Income = vi + i + vii + xiv Ō v + ii Ō xii Ō x = 800 + 100 + 120 + 70 Ō 60 + 10 Ō 10 Ō 30 = Rs 1,000 crore OR GNDI = iv + ii + vi Ō ix = 1000 + 100 + 50 Ō (-20) = Rs 1170 crore Personal Income = (iv Ōxi) + (vii Ō ix + x) Ō viii Ō iii = 1000 -80 + 70 Ō (- 20) + 30 Ō 40 Ō 90 = Rs 910 crore 1 1 ½ 1 ½ 1 1 ½ 1 ½ 1 1 ½ 1 ½
sample-paper-iii.docx