Some Basic Concept of Macro Economics

#Macro Economics chapter 2 short questions
#macro economic
#tr jain
#important Questions

1. What are final
goods?
Ans: which have
crossed the
boundary line of
production and are
ready for use by
their final user.

2. Define
intermediate
goods?
ans: Which are
within boundary
line of production
for use for their
final users.

4. Two examples of final
goods:-
A: pens used by students.
B:Milk used by household.


Two examples of
intermediate goods:-
A:paper used by publisher
in book printing
B:milk used by a
confenctioned in making
chocolate

5. What do you mean by
consumption goods?
ans:
▪︎Also known as
consumer goods.
▪︎which are directly
used for satisfaction
of human wants.

7. Define single use consumer goods or
non-durable consumer goods?
ans:
Those goods which cannot be
repeatedly used for purpose of
consumption.

9. What are semi durable consumer
goods?
ans:
Those goods which can be used for a
period of one year or slightly more.
these are not very high value

10. What is meant by
producer goods?
ans:
Which are used
for further
production
they are used for
either fixed
asstes or raw
materials.

11. What is capital
goods?
ans:
Which are used in
the process of
production for
several years and
which are very high
value.
These are fixed
assets of the
producer.

14. Define real flow ?
Ans:
A:Flow of factor services.
B:from the household sector to the
producer sector and the corresponding
flow of goods and services from the
producing to the household sector.

16. Define money flow?
ans:
A:Flow of money
Of each sector in
the economy.
B: each sector buy
goods ans services
from the other
sector

20. Name the four
sector of the
economy?.
ans: