Class XII Macroeconomics Assignment Ch 2 Some Basic Concepts of Macroeconomics

Class XII 
Macroeconomics Assignment Ch 2 Some Basic Concepts of Macroeconomics 
Topic 1- Classification of Goods
1) What is Gross Value Addition?
 2) Define services with two examples.
 3) Define expenditure on final goods.
 4) What is final product? 
5) What are Durable Consumer goods
6) Give one common characterstic of consumer and capital goods.
 7) Define Intermediate goods
. 8) Give true or false with reason
 a. All capital goods are producer goods
 b. All machines are capital goods. 
9) How will you determine whether the good is an intermediate good or a final good?
 10) Which of the following are final good or service or intermediate good or service. 
a. Furniture purchased by school
 b. Computer installed in an office 
c. Mobile sets purchased by a mobile dealer 
d. T-shirts purchased for resale e. Haircut purchased at a salon.

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