BECC-133 PRINCIPLES OF MACROECONOMICS – I Solved Assignment 2023-2024


Tutor Marked Assignments
Course Code: BECC-133
Assignment Code: Asst /TMA /2023-24
Total Marks: 100

Title Name

BECC-133 Solved Assignment 2023-2024

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Course BAG(Economics Hons (BAECH))
Language ENGLISH
Semester 2023-2024 Course: BA(Economics Hons (BAECH))
Session July 2023 – January 2024 sessions
Short Name BECC-133 (Economics Hons (BAECH))
Assignment Code Asst /TMA /2023-24
Product Assignment of BAG(Economics Hons (BAECH)) 2023-2024 (IGNOU)
Submission Date For students of July cycle: 30 April
For students of January cycle: 31 October



Answer the following Descriptive Category questions in about 500 words each. Each
question carries 20 marks. Word limit does not apply in case of numerical questions.
2 × 20 = 40
1. (a) Explain the changes in the consumption function when government sector is
introduced in the National income model.
(b) How does Aggregate Demand curve changes when there is change in government
spending? Does it also change equilibrium level of income and output?
2. (a) What are the precautions taken while calculating National income by value added
method and income method?
(b) Calculate Net Domestic income
Particulars ₹ in crores
(i) Compensation of employees 2000
(ii) Rent and interest 800
(iii) Indirect taxes 120
(iv) Corporation tax 460
(v) Consumption of fixed capital 100
(vi) Subsidies 20
(vii) Dividend 940
(viii) Undistributed profits 300
(ix) Net factor income from abroad 150
(x) Mixed Income 200
Answer the following Middle Category questions in about 250 words each. Each question
carries 10 marks. Word limit does not apply in case of numerical questions.
3 X 10=30
3. Derive the labour demand and labour supply curves. Explain the relationship of labour
with output in the short run as per classical view.
4. Explain the following:
a. Stock and Flow
b. Measures of Money supply in India
c. Production possibility curve
d. Liquidity preference curve.
5. Differentiate between:
a. Economic growth and Economic development.
b. Money flow and Real flow
Answer the following Short Category questions in about 100 words each. Each question
carries 6 marks.
5 X 6=30
6. What is investment multiplier? Find out the value of investment multiplier if mpc=0.6
7. Explain how equilibrium is attained in the money market. How does an increase in
nominal income affect the money market equilibrium?
8. Explain Keynesian theory of demand for money.
9. Explain how is equilibrium output determined in an open economy?
10. Discuss various instruments of monetary policy.


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