Practice Key Concepts - 2.2 | Chapter 2: Theory of Income and Employment | ICSE Class 12 Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Academics
Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Professional Courses
Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skillsβ€”perfect for learners of all ages.

games

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is Aggregate Demand and its components?

πŸ’‘ Hint: Think of C, I, G, and X.

Question 2

Easy

Define underemployment.

πŸ’‘ Hint: Consider jobs below one's skill level.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the formula for Aggregate Demand?

  • AD = C + I + G + (X - M)
  • AD = C - I + G + X
  • AD = I + G + Exports

πŸ’‘ Hint: Recall the elements that comprise Aggregate Demand.

Question 2

Is it true that structural unemployment occurs when there's a mismatch between the skills of workers and available jobs?

  • True
  • False

πŸ’‘ Hint: Think about what happens when skills do not align with job demands.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze a situation where government expenditure increases significantly. How would this affect Aggregate Demand and the economy's equilibrium?

πŸ’‘ Hint: Consider how increased public spending impacts overall consumption and investment.

Question 2

Consider a scenario where a country faces high structural unemployment. What policies could be recommended based on Keynesian economics to address this issue?

πŸ’‘ Hint: Think about how education can align skills with job market needs.

Challenge and get performance evaluation