M.A. (PREVIOUS) EXAMINATION 2016 HELD IN 2017
ECONOMICS (PAPER V
B)
NATIONAL INCOME
ACCOUNTING AND ANALYSIS
Time: 3 hours Max
Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 What are
good and bad points of using real GDP as measure of social welfare?
Q2 Discuss
major reasons for making estimate of national income.
Q3 How public expenditure policy can be
used to bring about change in the level of economic activity?
Q4 Discuss the
importance of input output technique. How it is used in national income
analysis?
Q5 Explain how national income is
determined at the level where savings and investment are equal. How any
discrepancy between savings and investment is corrected by changes in the level
of national income?
Q6 (a) Explain why the tax multiplier is
negative and why it is smaller in absolute value then government expenditure
multiplier?
(b) Why the government expenditure
multiplier in open economy is less than the government expenditure multiplier
in closed economy?
Q7 Explain how economic depression in one
country may affect the national income of another country?
M.A. (PREVIOUS)
EXAMINATION 2017 HELD IN 2018
ECONOMICS (PAPER V
B)
NATIONAL INCOME
ACCOUNTING AND ANALYSIS
Time: 3 hours Max
Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 (a) Discuss the effect of equal
changes in taxes and government expenditure on the level of income and
employment.
(b) Explain the determine
employment and output in the classical model.
Q2 Derive the
IS and LM curve for the three sector economy model.
Q3 (a) Discuss
the importance of input-output technique in the national income analysis.
(b) What would be the effect of the
recent increase in Pakistan's policy rate on the national income, inflation,
employment and foreign sectors?
Q4 (a) Explain why the tax multiplier is
negative and smaller in absolute values than the government expenditure
multiplier?
(b) Why the government expenditure
multiplier in an open economy is less than the government expenditure
multiplier in a closed economy?
Q5 Explain the
methodology of price collection and computing price indices.
Q6 (a) Discuss the importance of marginal
efficiency of capital in determining the level of investment.
(b) Explain the effect of taxation,
investment and consumption on the national income.
Q7 Write short
notes on any TWO of the following
(a) Use of national income analysis
for changes in population, productivity, prices and employment
(b) Methods of national income
estimate in Pakistan
(c) Multiplier and marginal
propensity to save
(d) Differences in the concept of
aggregate supply in the classical and Keynesian theories.
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