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📌 Most Important Topics of Macro Economics (Class 12 CBSE)
(For Board Exam Preparation)
1. Circular Flow of Income (with diagram)
2. Final and Intermediate Goods
3. Capital and Consumption Goods
4. GDP and Welfare
5. GDP Deflator
6. Numericals of National Income
7. Money Supply (M1, M2, M3, M4)
8. Functions of Central Bank (RBI)
9. Consumption Function (APC & MPC)
10. Saving Function (APS & MPS)
11. Equilibrium (Income & Employment – both approaches)
12. Difference between Inflationary and Deflationary Gap
13. How to Correct Excess Demand
14. Numericals of Revenue Deficit & Fiscal Deficit
15. Objectives of Government Budget
16. Types of Foreign Exchange Rate System
17. Depreciation and Devaluation
18. Components of Current Account & Capital Account
19. Difference between BOP and BOT
20. Capital Receipts and Revenue Receipts
21. Investment Multiplier and its Numericals

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