ECONOMICS 318 TUTOR MARKED ASSIGNMENT 2021-22
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Note :
(i)All questions are compulsory. The Marks allotted for each question are given beside the questions.
(ii)Write your name, enrollment numbers, AI name and subject on the first page of the answer sheet.
1. Answer any one of the following questions in about 40-60 words.
(a) "The world economy is broadly classified into two parts i.e. developed economy and developing
economy." In the light of the statement distinguish between these two economies on the basis of
following features-:
(1)Dependence on agriculture
(2)Heavy population pressure.
(b) "Planning is essential to ensure growth of any nation". Do you agree with the given statement?
Give two reasons and explain them to support your answer.
2. Answer any one of the following questions in about 40-60 words.
(a) “Economic development without growth is almost inconceivable.” Keeping this statement in
view, distinguish between the concept of development and growth.
(b) "Underdeveloped economies suffer from a large number of issues". Explain the common features
of underdeveloped economies in the light of given statement.
3. Answer any one of the following questions in about 40-60 words.
(a) “Unemployment is defined as a state of worklessness for a person who is fit and willing to work
at the current wage rate. It is a condition of involuntary and not voluntary idleness”. Explain
different types of unemployment in the light of above statement.
(b) Statistical data can be systematically organized and presented in the form of tables, graphs and
charts. One such diagrams is a bar diagram. Explain the steps involved in construction of bar
diagram.
4. Answer any one of the following questions in about 100 to 150 words.
(a) Explain the following terms:
(1)Exclusive series
(2)Open end classes
(3)Cumulative frequency
(4)Class limit
(5)Tally Mark
(b) Unemployment rate is the percent of the labor force that is without work.It is calculated as below:
Unemployment rate = (Unemployed Workers/Total labor force) × 100. Rates of unemployment, however, differ based on different concepts. Can you suggest some other methods of measuring unemployment?
5.Answer any one of the following questions in about 100 to 150 words.
(a) Different states in India have different living standards. Some states are comparatively rich
while some are comparatively poor. Keeping this in view, explain the causes of growing regional
disparity in India.
(b) What are the differences between published and unpublished sources of data? Explain various
sources of collection of primary and secondary data.
6. Prepare any one project out of the given below:
(a) As you know that the aim of presenting a statistical data provides power of visual display to communicate the information efficiently. Prepare a project by taking this information into account. Visit a school nearby and collect the data related to the number of students admitted in the school for three years in humanities, commerce and science streams. Present the data in the form of multiple bar diagram, subdivided bar diagram and percentage bar diagram and also interpret the presentation.
(b) Data can be represented through various ways. Pie diagram which is a circle subdivided into component sectors to present the proportion of different constituent parts if the total is one of the ways to represent data in an understandable manner. You are required to identify ten items of your daily use in household and note the monthly expenditure on these items (for example toothpaste, medicine, milk etc.)
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