[ vuZs.net ] ECO401 Final paper ...

Total questions = 64

Total mcq's = 56

 

Short questions of 3 marks;

• Define the relationship between monopoly and price elasticity of demand?
• Explain concept of accelerator in your own words?
• Differentiate actual and potential GDP?
• Define money supply curve with the help of diagram?

 

Long questions of 5 marks;

• Define Philips curve with the help of diagram.
• Balance sheet of UBL bank and calculation of money multiplier.
• Price of margarine is increase, what would be the effect of demand and supply curve on the butter, explain with the help of diagram.
• Calculation question in which NNP and GNP was required.    

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