1.Draw a chat to show Flow of Income in a Four- sector Economy

2. What are the Precautions while estimating National Income through Income Method

3. The difference between IT and S is known as net indirect tax. Explain

4. What do you understand by Net Factor Income from Abroad (NFIA)?

5. Friedman and other monetarists as well as supporters of rational expectations theory are opposed to the active role by the government. Explain

6. What are the scopes of macroeconomics?

7. What are the major issues and concerns of macroeconomics?

8.Draw a flow chat to show the circular flow of income in an economy

9.Explain the Equilibrium at less than full employment level

10.Graphically explain Equilibrium at more than full employment level