# BECC 103 PRINCIPLES OF MACROECONOMICS – I Solved Assignment 2020-21

BECC 103 PRINCIPLES OF MACROECONOMICS – I , BECC 103  Solved Assignment, BECC 103 Assignment 2020-21, BECC 103 Assignment, IGNOU Assignments 2020-21- Gandhi National Open University had recently uploaded the assignments of the present session for BA Programme for the year 2020-21. Students are recommended to download their Assignments from this webpage itself. They don’t got to go anywhere else when everything regarding the Assignments are available during this article only.

Candidates got to download the IGNOU Assignments for appearing within the Term End Examination [TEE] of IGNOU BA Programme.

For Students – BECC 103 PRINCIPLES OF MACROECONOMICS – I  Students are advised that after successfully downloading their Assignments, you'll find each and each course assignments of your downloaded BA Programme. Candidates need to create separate assignment for the IGNOU Master Course, in order that it's easy for Evaluators to see your assignments.

BECC 103 PRINCIPLES OF MACROECONOMICS – I

Solved Assignment 2020-21

Assignment I

Answer the following Descriptive Category Questions in about 500 words each. Each question carries 20 marks. Word limit does not apply in the case of numerical questions.

1. (a) What is Say’s Law of market? What are its implications for an economy?

(b) Explain why and how, according to the classical economists, the economy always operates at full employment level.

2. (a) Define marginal propensity to consume.

(b) Why marginal propensity to consume (mpc) remains between 0 and 1? What is the implication of 𝑚𝑝𝑐 > 1?

(c) What are the implications of a higher value of the mpc?

(d) Is it possible to describe mpc through a diagram?

Assignment II

Answer the following Middle Category Questions in about 250 words each. Each question carries 10 marks. Word limit does not apply in the case of numerical questions.

3. What are the functions of money? Explain how paper money or fiat money performs all these functions.

4. Give an outline of the value added method of measurement of Gross Domestic Product. Explain how the problem of ‘double counting’ is taken care of in this method.

5. Draw an appropriate diagram and explain how circular flow of income and expenditure takes place. Assignment III Answer the following Short Category Questions in about 100 words each. Each question carries 6 marks.

6. Explain the concept of money multiplier.

7. Explain why illegal activities are excluded from gross domestic product.

8. For a three sector economy the following are given:

𝐶 = 25 + 0.6𝑌, I = 30, G = 25 where C = consumption, I = investment, and G = government expenditure.

Find out the equilibrium output level.

9. Explain why income tax is considered as an automatic stabiliser.

10. In the IS-LM model, explain why the economy always moves towards the equilibrium point.

IGNOU Assignment Status 2020-21

BECC 103 PRINCIPLES OF MACROECONOMICS – I Solved Assignment 2020-21 Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Along side assignment status, they will also checkout their assignment marks & result. All this is often available in a web mode. After submitting the assignment, you'll check you IGNOU Assignment Status only after 3-4 weeks. it'd take 40 days to declare.

Here the scholars can check their IGNOU Assignment Status 2020, marks, result or both the sessions i.e; June & December.

BECC 103 PRINCIPLES OF MACROECONOMICS – I  Once the TEE assignments are submitted to the Centres, it's send to the evaluation department. After which the evaluation of IGNOU Assignment Solutions takes place.

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