Eco W.s 18-19.docx

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Pon Vidya Mandir Sr. Sec. School Chinmaya Vision School

Worksheet : 5 Subject :Economics Grade : XII AY : 2018-19

Karur. I. Answer the following questions ( 1. “GDP is not a true index of welfare”. Explain. 2. What is GDp Deflator? 3. What are the precautions of calculating national income by income, expenditure and value Added method? 4. Define externalities. Give an example of negative externality. What is its impact on welfare? 5. What are non-monetary exchanges? Give an example. Explain their impact on use of GDP as an index of welfare of the people. 6. Distinguish between real GDP and nominal GDP. Department of commerce/Eco worksheet 5/2018-19/Pvmsss,Karur

Pon Vidya Mandir Sr. Sec. School Chinmaya Vision School

Worksheet Subject Grade AY

Page 1

: 5 :Economics : XII : 2018-19

Karur. I. Answer the following questions. 1. “GDP is not a true index of welfare”. Explain. 2. What is GDp Deflator? 3. What are the precautions of calculating national income by income, expenditure and value Added method? 4. Define externalities. Give an example of negative externality. What is its impact on welfare? 5. What are non-monetary exchanges? Give an example. Explain their impact on use of GDP as an index of welfare of the people. 6. Distinguish between real GDP and nominal GDP.

Department of commerce/Eco worksheet .5/2018-19/Pvmsss,Karur

Page 1

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