CBSE Class 12 Macro Economics NCERT Solutions 2022-23

VSAT 2022

NCERT Solutions for Class 12 Macro Economics - Free PDF Download

Subject specialists have prepared Class 12 Macroeconomics Textbook answers based on the most recent CBSE Curriculum. NCERT Solutions for Macroeconomics for Class 12 is available on Vedantu’s website and app. Students can make the most of their preparation time by studying the NCERT Macroeconomics Class 12 PDF. The Solutions to all of the questions in the Class 12 Textbook are available in NCERT Economics Class 12 Macroeconomics. Vedantu’s NCERT Textbook Class 12 Macroeconomics Solutions assists students in gaining a thorough understanding of ideas. 

The NCERT Class 12 Macro Economics Solutions PDF helps students with their last-minute preparation. Students can practice solved exercises on a regular basis in order to retain knowledge for a longer period of time. Thus, students can prepare for the exam with confidence by using these study-related resources.

Macroeconomics is a branch of economics that deals with the structural, behavioural, performance, decision-making, and overall functioning of an economy. Economics is one of the social sciences that has a significant impact on everyone. As economic life and the economy change, it becomes increasingly important to anchor education on children's actual experiences. While doing so, it is critical that they be given an opportunity to develop analytical abilities in order to notice and comprehend economic reality. It assesses an economy as a whole, and not in parts like it is done in microeconomics. Class 12 NCERT Solutions macroeconomics is one of the most scoring topics in CBSE exams. It covers various topics that need conceptual understanding and a thorough revision. Class 12th NCERT Solutions Macroeconomics can be accessed for free from Vedantu’s website. Students can begin their exam preparation by downloading the NCERT Solutions for Class 12 Macro Economics and using them whenever they need them. Students will learn how to answer various types of inquiries in addition to delivering solutions. Our easy-to-understand answers will give them a firm grasp of the key principles.

NCERT Solutions for Class 12 Macro Economics - Chapter-wise List

Given below are the chapter-wise NCERT Solutions for Class 12 Macro Economics. These solutions are provided by the Macro Economics experts at Vedantu in a detailed manner. Go through these chapter-wise solutions to be thoroughly familiar with the concepts.

Class 12 Macro Economics NCERT Textbook Solutions - Free PDF download

Class 12 NCERT Solutions Macroeconomics allows students to experience the thrill of answering Class 12 questions. NCERT Solutions for 12th Class Macro Economics are organized in a logical manner so that students may have a better learning experience. Students can avail of the NCERT economics class 12 macroeconomics PDF download to learn and understand their lessons better. Each chapter in the NCERT macroeconomics book is followed by some vital questions. These questions are based on the functioning, definitions, and intricacies of macroeconomic concepts. In the Class 12 board examinations, examinees are required to write precise answers to secure good marks. The NCERT solutions for class 12 macroeconomics help students prepare better for the 12th board exams.

Chapters Included in the Macroeconomics Class 12 NCERT Book

The CBSE syllabus enlists six chapters under the macroeconomics section for Class 12 students. Here is a list of chapters and their content covered in the NCERT economics class 12 macroeconomics solutions.

Chapter 1: Introduction to Macroeconomics

The word ‘macro’ is derived from the Greek word ‘Makros’, which means huge or large. Thus, macroeconomics is a branch of economics where we study, understand, and assess the economy as a whole. The very first chapter in the macroeconomics class 12 CBSE textbook is an introductory chapter. Here, students learn about the fundamental concepts of macroeconomics.

This chapter in macroeconomics class 12 NCERT book talks about the emergence of macroeconomics from John Maynard Keynes’ book 'The General Theory of Employment, Interest, and Money. This chapter contains four questions in its exercise.

Important Topics Covered in Chapter 1: Introduction to Macroeconomics

1. Introduction

1.1 Emergence of Macroeconomics

1.2 Context of the Present Book of Macroeconomics

Chapter 2: National Income Accounting

The second chapter of the 12th NCERT economics macroeconomics book is about calculating the national income of a country. It also briefs the students about the various subcategories of national income. The national income of a country can be estimated in three ways and these are as follows:

  1. Product or Value Added Method.

  2. Income Method.

  3. Expenditure Method.

Each of these methods has a different approach to calculate the aggregate income of an economy and is thoroughly explained in the macroeconomics class 12 textbook. Referring to the NCERT Solutions of this chapter, students can get an in-depth understanding of concepts and methods. This chapter in the CBSE class 12 economics NCERT solutions consists of 12 questions.

Important Topics Covered in Chapter 2: National Income Accounting

2.1 Some Basic Concepts of Macroeconomics

2.2 Circular Flow of Income and Methods of Calculating National Income 

2.2.1 The Product or Value Added Method

2.2.2 Expenditure Method 

2.2.3 Income Method

2.2.4 Factor Cost, Basic Prices, and Market Prices 

2.3 Some Macroeconomic Identities

2.4 Nominal and Real GDP 

2.5 GDP and Welfare 

Chapter 3: Money and Banking

Chapter 3 of the NCERT macroeconomics class 12 PDF covers the following sub-topics.

  • Functions of money.

  • Demand and supply of money in an economy.

  • Money creation through the banking system.

  • Policy tools to control the money supply in an economy.

  • Demonetisation.

This chapter in Class 12th macroeconomics PDF teaches how money facilitates exchange and how banks regulate the supply of money in a particular economy. This chapter has 14 questions given in its exercise, which students must read during their revisions.

Chapter 4: Determination of Income and Employment

The fourth chapter of the Class 12 macroeconomics book discusses the following topics.

  • Marginal Propensity- This section of the chapter gives a detailed explanation of the marginal propensity to save and marginal propensity to consume.

  • Investment- The chapter briefs students regarding ex-ante investment and ex-post investment in an economy.

  • Parametric Shift of a Line- This is a conceptual section in chapter 4 of the macroeconomics Class 12 book, and is to be understood through examples and demonstrations of the paradox of thrift. Students can avail of the NCERT economics class 12 macroeconomics PDF download option to understand the topic in a simple manner.

  • Effective Demand- This section of class 12 macroeconomics Chapter 4 explains the aggregate demand at the point of equilibrium and its relation with national income accounting.

Chapter 5: Government Budget and the Economy

Chapter 5 of the macroeconomics 12th NCERT book thoroughly explains the various steps taken by a government to maintain a strong economy. It includes the concepts and methods used by authorities to form a proper budget. NCERT economics class 12 macroeconomics solutions contain precise answers to all 14 questions given in the chapter.

Important Topics Covered in  Chapter 5: Government Budget and Economy

5.1 Government Budget – Meaning and its Components

5.1.1 Objectives of Government Budget

5.1.2 Classification of Receipts

5.1.3 Classification of Expenditure

5.2 Balanced, Surplus, and Deficit Budget

5.2.1 Measures of Government Deficit

Chapter 6: Open Economy Macroeconomics

This chapter includes a discussion on the following topics.

  • Balance of Trade: The term "balance of trade" refers to the difference between a country's products exports and imports. 

  • Real Exchange Rate: The product of the nominal exchange rate and the price ratio between the two countries is the real exchange rate between two currencies.

  • Foreign Exchange Rate: The Foreign Exchange Rate is the rate at which one currency is exchanged for another.

  • Nominal Exchange Rate: A nominal exchange rate shows how much one currency may be purchased for one unit of another currency.

  • Current account balance.

  • Devaluation.

  • Depreciation: Depreciation is the term used to describe the decrease in the value of fixed capital goods owing to regular wear and tear and predicted obsolescence.

  • Demand concept.

Macroeconomics class 12 NCERT Solutions of this chapter cover 19 questions and answers that are crucial for the 12th board exam preparations.

Benefits of Using NCERT Solutions for Macroeconomics Class 12

If students want to do well on their board examinations, solving the NCERT Solutions Class 12 Macro Economics will help immensely. There are numerous advantages to solving NCERT Solutions PDF for Class 12 Macro Economics.

  • Chapterwise subject specialists prepare NCERT Class 12 Macro Economics Solutions.

  • The NCERT Solutions for Macroeconomics in Class 12th are of the highest quality and are tailored to the needs of students.

  • Students will be exposed to a wide range of questions, which will make it easier for them to pass the tests.

  • NCERT Class 12 MacroEconomics Solutions PDF is based on the most recent CBSE Syllabus.

  • Students can use these study materials as part of their revision plan to feel confident when taking the exam.

Other Related Links 

FAQs on CBSE Class 12 Macro Economics NCERT Solutions 2022-23

1. Which are the 4 major sectors of an economy from the macroeconomic point of view?

The 4 major sectors of an economy from the macroeconomic perspective are as follows.

  • Households: This sector mainly comprises the consumers and contributes to the role of consumption expenditure in GDP. The members of this sector can be an individual or an entire family that makes all its economic decisions independently. Also, this sector provides the market for the output of the firms.

  • Firms: This sector comprises the partnership firms, corporations, and sole proprietorship firms. It contributes to the investment and expenditure role in GDP.

  • Government: As the name suggests, this sector comprises the various levels of government in a country. There are several important roles in this sector and it contributes to the government purchase role in GDP.

  • External Sector: This sector comprises the inflow, outflow, import, and export of goods and services in an economy. The expenditures in GDP also affects this foreign sector.

2. Which is the best website for NCERT Solutions for Class 12 Macro Economics download?

You can download one of the most recommended NCERT Solutions for Class 12 Macro Economics from Vedantu. You will find the solutions for every chapter of NCERT Class 12 Macro Economics sorted in a separate PDF on our website. Therefore, when you download and refer to the solutions of any chapter, you do not need to scroll down through a lot of pages to search for the questions and answers for that particular chapter. Our in-house team of experts has prepared these NCERT Solutions following the norms and guidelines for CBSE Class 12. The simple explanations of these solutions, facilitate an easy understanding of all the important theories and concepts covered in the syllabus of Class 12 Macroeconomics. Thereby, helping all students to secure good marks in the examinations.

3. How many chapters are there in the syllabus of NCERT Class 12 Macro Economics?

There are a total of six chapters in the syllabus of NCERT Class 12 Macro Economics. These chapters are listed below for your reference.

  • Introduction to Macro Economics.

  • National Income Accounting.

  • Money and Banking.

  • Determination of Income and Employment.

  • Government Budget and the Economy.

  • Open Economy Macroeconomics.

The topics covered in the NCERT Solutions for Class 12 Macroeconomics form the fundamental concepts of this subject. Hence, students are suggested to learn and understand these NCERT solutions thoroughly for a good understanding of these concepts.

4. Can I download the NCERT Solutions for Class 12 Macroeconomics for free?

Yes, the PDFs of NCERT Solutions for Class 12 Macroeconomics can be downloaded for free from our website and mobile application. Thereby, making these study resources available for every student who has an internet connection. Hence when you download these NCERT solutions, you can access them offline as well.

5. How is NCERT Solutions of Class 12th Macro Economics going to help me?

It is important to solve the exercises and refer to the NCERT Solutions for Class 12 Macro Economics because they give proper insights into the content of the chapter as well as efficiently test how well the student has grasped the concepts. Moreover, good chances are that multiple questions would be asked directly from the content of NCERT books. Better results and a clearer grasp of the ideas may be obtained by visiting Vedantu's website and the app, where practice modules and solutions can be found.

6. Where can I download solutions to NCERT Class 12 Macro Economics?

The link to download NCERT Solutions is-NCERT Solutions Class 12 MacroEconomics. Visit the link and download the solution free of cost. If you want to improve your scores and gain a better knowledge of the ideas, go to Vedantu's website and look through their practice modules and solutions to acquire a better comprehension of the topics. You'll also learn about the many sorts of questions that might be asked, as well as the test paper's format.

7. How many chapters are there in the NCERT Class 12 Macro Economics book?

There are 6 chapters in the NCERT Class 12 MacroEconomics book. Each chapter covers a certain domain and its contents are properly elaborated and explained and are well structured with strict adherence to the CBSE syllabus. From the exam point of view, it is crucial to grasp all the fundamentals and study the NCERT book well and practice all the exercises. Practising different problems will help you know your strengths and weaknesses and you can improve a lot this way. For more guidance please visit the Vedantu site.

8. What are the final goods of Class 12?

The term "final goods" refers to items that do not require additional processing. These items, often known as consumer goods, are manufactured for direct consumption by the end customer. These items meet a consumer's requirements or desires unlike intermediate products, which are used to make other items. If purchased for direct consumption then even milk can be considered a final good.

9. Is Economics tough or easy for Class 12?

According to the feedback of most students appearing for their exams, the CBSE Class 12 Economics paper 2020 was comparatively easier than previous years and was rather simple overall, with a somewhat difficult Macro Economics part. The newly introduced Indian Economy part was comparatively simple and scoring. MacroEconomics was found to be a little tricky and confusing by many students. Hence, you must practice all the problems diligently in order to completely grasp every topic properly.

10. How can the NCERT Macroeconomics Solutions for Class 12th assist me?

Topic specialists prepare NCERT Solutions for Class 12th Macro Economics with a focus on building the proper information for students about the subject. Students will receive extensive answers to all of the questions, allowing them to build a better foundation in the subject's fundamentals.

11. How can I download NCERT Macroeconomics Solutions for Class 12?

To help and aid students’ preparation, they can simply click on the exact links provided for NCERT Solutions of Class 12 Macroeconomics Subject on Vedantu’s website which will take them to the download page.

Share this with your friends