CBSE Class 12 Economics Expenditure Method Worksheet

CBSE Class 12 Economics Expenditure Method. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

1. Answer in one sentence each

a. Define private final consumption expenditure.

b. What does investment mean?

c. Define depreciation.

d. What does inventory investment mean?

e. How is the ‘changes in inventory’ estimated?

f. What makes the difference between Gross Domestic Capital Formation and Gross Domestic Fixed Capital formation?

2. Answer in around 60 words each

a. What are the components of domestic expenditure?

b. Define Gross Domestic Capital Formation. What are it’s the components?

c. Discuss the importance of gross domestic capital formation.

d. How are the fluctuations in inventory stock important in macro economics?

e. Why is export considered as a part of gross domestic expenditure?

f. Why is import deducted from gross domestic expenditure?

3. Answer in around 75 words.

a. What are the precautions to be taken while calculating national income using expenditure method?

b. How are the following considered in estimating national income? Stat with reasons.