NIOS CLASS 12 | ECONOMICS IMPORTANT SUMS LIST FOR EXAM

           1.     National Income

a.     Income Method

b.     Expenditure Method

c.      Value Added Method

           2.     Arithmetic Mean

a.     Direct Method

b.     Assume Mean Method

c.      Step Deviation Method

           3.     More than/Less than Cumulative Frequency Distribution Table

           4.     Quartile Deviation

           5.     Price Elasticity of Demand

           6.     Price Elasticity of Supply

           7.     Price Index Number

a.     Laspeyre’s Price Index

b.     Paasche’s Price Index

c.      Weighted Price Index

           8.     Histogram

           9.     Component Bar Chart

         10.      Pie Diagram

         11.      Calculate TC,AC,MC

         12.     Personal Disposable Income/Private Income/ Personal Income

         13.     Average Propensity to Consume (APC) & Average Propensity to Save                     (APS)

         14.     Marginal Propensity to Consume (MPC) & Marginal Propensity to Save                 (MPS)

         15.     Concept of Multiplier (Income Determination)

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