Wholesale Price Index

Q.

What Are the Benefits of the Price System?

Q. "Massive unemployment shifts the PPC to the left". Defend or refute.

Q. State the fundamental fact that has led to the emergence of economic problem.

Q. Calculate AD, AS for every level of income and the equilibrium level, from the following schedule:
(assuming that the investment is fixed at 40 crores)

Income	100	200	300	400	500	600
Consumption	120	200	280	360	440	520

(AD: 160, 240, 920, 400, 480, 560; AS:100, 200 300, 400, 500, 600)