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What do you understand by depreciation of capital?
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What is aggregate demand? Discuss the components of aggregate demand.
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Explain the procedure of calculating National Income by value-added method.
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Write two differences between balance of payment and balance of trade.
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What are the two main components of balance of payment?
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State the reasons behind the working of the law of diminishing marginal product.
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Mention four differences between perfect competition and monopoly.
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The Total Cost (TC) schedule of a production unit is given below. Find out TFC, TVC, AC and MC.
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