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ECO401 Current Spring 2011 Final Term VU Paper [July 2011] Virtual University of Pakistan

Friday, July 15, 2011 Posted In Edit This
ECO401 Current Spring 2011 Final Term VU Paper [July 2011] Virtual University of Pakistan


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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