Q1. Differentiate between the term NDP and NNP.
Q2. What do you mean by the term Personal Income?
Q3. Explain how is the growth rate of income determined in the steady state?
Q4. Describe the meaning of convergence among the countries.
Q5. Illustrate the meaning of Golden Rule of Capital accumulation?
Q6. Differentiate between the long run and short run in the macro economics.
Q7. Describe the concept of the Twin deficits.
Q8. Illustrate any two functions of the money.