Q. 2
How does the Indifference Approach to analyzing consumer demand avoid having to measure utility? Explain.
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FPSC · CSS 2017
Economics
This paper
Economics · all yearsQ. 2 · How does the Indifference Approach…Q. 3 · Explain the Lewis Model of…Q. 4 · What do you know about…Q. 5 · How does the IS-LM model…Q. 6 · What is the concept of…Q. 7 · Examine the causes of Balance…Q. 8 · Explicate the following briefly:With this paper← 20162019 →3 hours · questions hide until you reveal them
Part II
Q. 3
Explain the Lewis Model of Modern-Sector Growth in a Two-Sector Surplus-Labour Economy with graphical analysis.
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Q. 4
What do you know about ‘Demand-Side’ Inflation and ‘Supply-Side’ Inflation? Explain with the help of graphs and briefly explicate the policies to tackle both sides Inflation.
(20)
Q. 5
How does the IS-LM model allow equilibrium to be shown in both Goods and Money Markets simultaneously? Elucidate with graphs.
(20)
Q. 6
What is the concept of Public debt? Explain the dimensions for tackling the debt problems of developing countries like Pakistan.
(20)
Q. 7
Examine the causes of Balance of Payments problem under Fixed Exchange Rate in short-run keeping in view the New Classical and Keynesian Analyses.
(20)
Q. 8
Explicate the following briefly:
- (a)Difference between Development and Human Development
- (b)Difference between Income Inequality and Poverty
- (c)Sources of Government Revenue
- (d)Functions of Central Bank
(20)
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About this paper
The 2017 CSS Economics paper set by the FPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.
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