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