Download syllabus economics 104 - Joliet Junior College

ECON 103 : Principles of Economics I (Macroeconomics)
(3 credit hours)
Dr. Nataliya Marchenko
[email protected]
815-280-2214
COURSE DESCRIPTION (catalog):
A study of economic forces underlying the economic system with special emphasis on an analytical
approach to determining price, national income and product, saving, consumption, investment,
employment, growth and economic stability, and the banking system.
COURSE OBJECTIVES
The students will be introduced to core macroeconomic concepts and practice to apply them to
business, personal decision making, and public policy. Upon completion of the course students
should be able to:
1. Position Economics among other social science, understand its nature and fundamental
concepts
2. Distinguish between Microeconomics, Macroeconomics, and other sub-disciplines
3. Develop ―economic way of thinking‖
4. Understand and evaluate opportunity cost of our economic choices
5. Define economic growth and determine stages of a business cycle
6. Calculate and interpret major macroeconomic indicators (growth rate, unemployment,
inflation, exchange rates)
7. Describe instruments and types of fiscal and monetary policy and estimate their effects on
the economy. Discuss role of the government in the US and India.
8. Identify the basis for international trade, trade between US and India, positive and negative
outcomes of economy globalization
9. Discuss controversial issues in the US and Indian economies
10. Collect data and analyze trends of major economic indicators in US and India.
11. Prepare and present economic analysis of Indian economy.
12. Analyze media information (TV news, newspaper articles), relate it to economic theory, and
apply in personal and business decision making
13. Present and defend their points of view.
Major topics include aggregate supply and aggregate demand, unemployment, inflation, deflation,
measuring economy’s performance and economic growth, fiscal and monetary policy, international
trade and exchange rates.
TEXTBOOK: Economics, 9th edition. Roger A. Arnold, 2010. ISBN – 9780324595420
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COURSE COMMITMENTS:
Faculty commitment: As a faculty member, I am committed to providing a quality learning
experience through thoughtful planning, implementation, and assessment of course activities. I am
also committed to being readily available to students throughout the semester by returning e-mails
within 24 to 48 hours and to returning graded course work within a week. Furthermore, I am
committed to selecting appropriate course materials and making them available in an organized and
timely manner.
Student commitment: By registering for this course, you commit yourself to study, participation in
course activities, and the submission of all assignments and exams on time. Furthermore, you
commit to accessing the course website and checking your Angel/JJC e-mail (or personal e-mail
linked to the Angel course shell) at least three times a week and to devoting at least 6 hours per
week on this class.
GENERAL JJC POLICIES:
ACADEMIC INTEGRITY: It is expected that students in this course will maintain the highest
standards of academic honesty. Dishonesty will not be tolerated. Anyone involved in dishonesty-i.e. plagiarizing or cheating on assignments or tests inside or outside of the classroom—will
minimally receive a failing grade on the assignment or tests and may receive a failing grade for the
course. Students are responsible for reading the College Handbook and/or Student Handbook for
further information on academic misconduct. The Student Code of Conduct is located online at
www.jjc.edu/academics/academic-behavior-standards/Pages/code-of-conduct.aspx
If you have any questions about how and when to cite references, please ask for clarification before
submitting written assignments. Intellectual honesty and integrity are essential attributes of an
educated person.
Conduct for which discipline may be imposed includes, but is not limited to, the following acts
of academic dishonesty:
a. Cheating—intentionally using or attempting to use unauthorized materials,
information or study aids; use, or attempting to use, any unauthorized assistance,
resources, materials or electronic/cellular devices with or without photographic
capability in taking quizzes, tests or examinations and the acquisition, without
permission, of a test or other academic material belonging to Joliet Junior
College, to any department, to any staff, or use of online resource designated for
faculty use exclusively.
b. Plagiarism--the reproduction of ideas, words or statements of another person as
ones’ own without acknowledgement or use of an agency, commercial service or
any other third party engaged in providing or the selling of term papers or other
academic materials.
c. Unauthorized Collaboration - intentionally sharing or working together in an
academic exercise when such actions are not approved by the course instructor.
d. Falsification and Fabrication--intentional and unauthorized falsification or
invention of any information or citation furnished to any college official, faculty
member or office.
e. Facilitation of Academic Dishonesty - permitting or assisting, attempting to
permit or assist, another to violate the academic honor code; alteration or
sabotage of another student's work, such as by way of illustration, but not by
limitation, tampering with laboratory experiments.
RESPONSIBLE USE POLICY: Students are responsible for knowing and following the terms and
conditions of JJC’s policy for ―Responsible Use of Information Technology.‖ This policy may be
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found online at www.jjc.edu/about/operational/information-technology /pages/policy.aspx as well
as in the college catalog, student handbook, and posted in computer labs on campus.
TECHNICAL SUPPORT: For technical assistance, please contact the 24/7 support center at
www.jjc.edu/help where you may find a solution to your problem. Voice support technicians are
available by phone 24 hours a day, 7 days a week, 365 days a year at 1-866-281-3638. Personal
face-to-face help is also available through the Distance Education Technology Center for Teaching
& Learning in Room J-4019 on the main campus from Monday through Thursday, 8 a.m. to 8 p.m.
and on Fridays from 8 a.m. to 4:30 p.m. Help is available in the Tech Center either on a ―drop-in‖
basis or by appointment by calling 815-280-2481.
OTHERS WITH ACCESS: Individuals such as guest speakers, course evaluators, and technical
support staff may access the online course site when necessary and/or appropriate.
ACADEMIC ASSISTANCE: In addition to the assistance provided by your instructor, the
Academic Skills Center (ASC) provides a variety of academic services on Main Campus in J-2013.
For example, some students may wish to schedule appointments with tutors, who are available at no
cost to provide academic assistance. Information regarding the services of the ASC is available at
http://www.jjc.edu/Admin/AcademicSkills/ or by phone at 815-280-2284.
SPECIAL NEEDS: The Student Accommodations and Resources office is located in J2025. This is
the campus office responsible for verifying that students have disability-related needs for academic
accommodations and for planning appropriate accommodations, in cooperation with the students
themselves and their instructors. Students who need academic accommodations should request
them from StAR at 815-280-2230. For more information regarding StAR’s services, visit
http://www.jjc.edu/star/ .
SEXUAL HARRASMENT: Since learning is best achieved in an environment of mutual respect
and trust, the college has adopted a clear and firm policy prohibiting sexual harassment. Such
conduct will not be tolerated in this class, and victims are encouraged to report any unwelcome
sexual advances to appropriate school authorities. (See the College Catalog and/or Student
Handbook for more information.)
DIVERSITY: As your instructor, it is my intent that the diversity which students bring to this class
be viewed and used as both a resource and a strength in accordance with the JJC Core Values. To
learn more about JJC core values visit http://www.jjc.edu/about/college-info/Pages/corevalues.aspx.
COURSE POLICIES
INSTRUCTOR CONTACT INFORMATION
1. In-person is a preferred way of communication. Many issues may be resolved much quicker,
much more effective, and with less frustration when discussed face-to-face. See me before or
after class, if time permits, or during my office hours.
2. E-mail. All e-mail correspondence with instructor must be through Angel course shell or
through your JJC e-mail account. The instructor will not read or respond to e-mail sent
through a non-student account. In return, the instructor promises to respond to all e-mail within
48 hours of receipt, except for Sunday.
3. You may also contact the instructor via office voice mail at 815-280-2214. However, response
time may be well over 48 hours as voice mail will NOT be checked on a daily basis.
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ETIQUETTE: These are common rules which need to be followed in order to create comfortable
atmosphere for all members of the class.
1. No headphones of any type.
2. Cell phones must be set on vibration.
3. Show respect to your classmates and the instructor:
Arrive on time.
If you are going to leave before class ends, inform instructor about the reason.
NETIQUETTE: In any social interaction, certain rules of etiquette are expected and contribute to
more enjoyable and productive communication. The following tips for interacting online in e-mail
and/or Discussion Board messages are adapted from guidelines originally compiled by Chuq Von
Rospach and Gene Spafford.
Remember that the person receiving your message is someone like you, someone who
deserves and appreciates courtesy and respect.
Be brief; succinct, thoughtful messages have the greatest impact.
Your messages reflect on YOU; take time to make sure that you are proud of their
form and content.
Use descriptive subject headings in e-mail messages.
Think about your audience and the relevance of your messages.
Be careful with humor and sarcasm; without the voice inflections and body language
of face-to-face communication, Internet messages can be easily misinterpreted.
When making follow-up comments, summarize the parts of the message to which you
are responding.
Avoid repeating what has already been said; needless repetition is ineffective
communication.
Cite appropriate references whenever using someone else’s ideas, thoughts, or words.
LATE WORK SUBMISSION: All assignments must be submitted before deadline. No late
submissions are allowed.
MAKE UP: Make up is available at instructor’s discretion. Prior arrangements have to be made for
all make up work. All make up work has to be completed within one week after due date. If makeup
is not completed within one week, it is a zero!
Travel, vacations, family events, mild to moderate illness, problems with Internet connection,
computer software and hardware are not valid excuses for makeup work.
WITHDRAWAL POLICY: If a student determines that he/she will be unable to complete the
course with satisfactory grade, it is the student's responsibility to initiate procedures leading to a
formal withdrawal ("W") in order to avoid a failing ("F") grade in the course. To receive a "W"
grade, a student must withdraw before the deadline established by the college. Contact the
Registrar’s Office at (815) 744-2200 for further information on withdrawal procedures and deadline
dates.
INCOMPLETE GRADES: Incomplete (I) grades and deadline extensions are not allowed in this
course. Students are strongly encouraged to complete their work before deadlines approaches.
Waiting until the ―last minute‖ to submit assignments and to take quizzes and exams is inadvisable
since deadlines are fixed and ―I‖ grades are not awarded.
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COURSE OUTLINE
Week
Chapter
Week 1
01/10/11
Week 2
01/17/11
Week 3
01/24/11
Week 4
01/31/11
Week 5
02/07/11
Week 6
02/14/11
Week 7
02/21/11
Week 8
02/28/11
Week 9
03/07/11
Week 10
03/14/11
Week 11
03/21/11
Week 12
03/28/11
Week 13
04/04/11
Week 14
04/11/11
Week 15
04/18/11
Week 16
04/25/11
Week 17
05/02/11
Week 18
05/09/11
Activity/Assignment
Unit 1 Introduction to Economics
Chapter 1 What Economics Is About
Syllabus Quiz (extra credit)
Chapter 2 Economic Activities: Producing and Quiz #1 - Intro to Economics
Trading
Chapter 3 Supply and Demand: Theory
Quiz #2 - Demand & Supply
Worksheet #1
Group Project (GP) begins.
Unit 2 Macroeconomic Measurements
Chapter 5 Macroeconomic Measurements Part I:
Prices and Unemployment
Chapter 5 Macroeconomic Measurements Part I: Quiz #3 – Unemployment & Inflation
Prices and Unemployment
NO CLASS THURSDAY – PPD DAY
Chapter 6 Macroeconomic Measurements Part II: Quiz #4 – GDP & Economic Growth
GDP and Real GDP
Worksheet #2
Unit 3 Macroeconomic Models. Fiscal Policy
Chapter 7 Aggregate Demand and Aggregate GP: Bibliography is due.
Supply
Chapter 8 The Self-Regulating Economy
Quiz #5 – Macroeconomic Models
Chapter 9 Economic Instability: A Critique of the
Self-Regulating Economy
Review chapters 1 – 9.
Worksheet # 3
MID-TERM EXAM
SPRING BREAK
Chapter 10 Fiscal Policy and the Federal Budget.
Quiz #6 – Fiscal Policy
Unit 4 Money and Banking. Monetary Policy.
Chapter 11 Money and Banking
GP: Presentation draft is due.
Chapter 12 The Federal Reserve System
Chapter 13 Money and the Economy
Chapter 14 Monetary Policy
Quiz # 7 – Money and Banking
Chapter 31 International Finance
Quiz #10 – Exchange Rates
Worksheet #5
Quiz # 8 – Monetary Policy
Worksheet # 4
Unit 5 International Economics
Chapter 30 International Trade
Quiz #9 – International Trade
GROUP PROJECT PRESENTATIONS
Review chapters 10-14, 30, 31.
FINAL EXAM
NOTE: Purpose of this outline is to provide you with information on structure and content of the
course. Refer to iCampus course calendar for assignment deadlines.
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ASSIGNMENTS
Quizzes. There are 10 Angel based quizzes in this course. You will have three attempts with no
time limit to complete each quiz. Highest score will be kept as your grade.
US and India Country Comparison Group Project is an important component of this class.
Group Project requires collecting and analyzing macroeconomic information and making
conclusions about US and Indian economy. It is completed in parts during the semester. Final
project is presented at the end of the semester. See project debriefing for specific instructions.
Worksheets (five total) are sets of problems completed in class as a group activity.
Exams are computer based, non-cumulative, 50 questions each. They are conducted in the
computer lab under supervision of your instructor.
DEADLINE. All assignments must be completed on weekly basis. Deadline is 11:00 pm on last day of
the current course week.
EXTRA CREDIT. Extra credit is available in the form of the syllabus quiz (10 points) and article
reviews (5 points each) completed in class. See article review grading rubric for more info. Amount of
extra credit is limited to 50 points.
GRADING:
Maximum number of points for the course is 400 which are distributed as follows:
Assignment
Points
Group Project
100 points distributed as follows:
Bibliography 20 points
Draft 30 points
Presentation 50
5 Worksheets
100 (20 each)
10 Quizzes
100 (10 each)
2 Exams
100 (50 each)
GRADING SCALE:
The following grading scale will be used for the final course grades.
A
B
C
D
F
100%-90%
89%-80%
79%-70%
69%-60%
59%-0%
NOTE: The instructor, the department, and/or Joliet Junior College reserve the right to change or
amend this syllabus at any time.
COLLEGE / DEPARTMENT INFORMATION: Visit www.iic.edu
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COUNTRY COMPARISON GROUP PROJECT DOCUMENTS
Recommended Resources
1. Data from The World Bank: http://data.worldbank.org/
2. 1-800-INDIA: Importing a White-Collar Economy. Retrieved Dec. 12, 2010, from Films on
Demand:
http://proxy.jjc.edu/login?url=http://digital.films.com/PortalPlaylists.aspx?aid=4050&xtid=
36341
3. No Vacancy: Global Responses to the Human Population Explosion. Retrieved Dec. 12,
2010, from Films on Demand:
http://proxy.jjc.edu/login?url=http://digital.films.com/PortalPlaylists.aspx?aid=4050&xtid=
36407&loid=42895
4. India's surprising economic miracle. (2010, Sept. 30). Retrieved Dec. 12, 2010, from The
Economist journal website:
http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=6899464
&story_id=17147648
5. International Data Base (IDB). (2010, June). Retrieved Dec. 12, 2010, from U.S. Census
Bureau: http://www.census.gov/ipc/www/idb/
6. Magazine and Journal Search. (n.d.). Retrieved from Joiet Junior College Website:
http://jjc.edu/services-for-students/academic-resources/library/Pages/magazine-journal.aspx
7. The Economist journal website: http://www.economist.com/
8. The trillion-dollar club. (2010, Apr. 15). Retrieved Dec. 12, 2010, from The Economist
journal website:
http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=6899464
&story_id=E1_TVJTNJGQ
9. The World Factbook. (2010). Retrieved from Central Intelligence Agency website:
https://www.cia.gov/library/publications/the-world-factbook/index.html
NOTE: Use JJC login/password to access Films on Demand
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Annotated Bibliography Assignment Guidelines
(Bibliography is individual assignment)
1. Writing an Annotated Bibliography
An annotation is a brief descriptive and evaluative note that provides enough information
about the book, article, or document so a person can decide whether or not to consult the
source.
To help you write an annotation, you might answer some of the following questions, in paragraph
form, about your item (book, article or website):
1.
2.
3.
4.
5.
6.
7.
8.
Content—What is it about? Is it relevant to your research?
Purpose—What is it for? Why was this written or created?
Methods used to collect data—Where did the information come from?
Usefulness—What does it do for your research?
Reliability—Is the information accurate?
Authority—Is it written by someone who has the expertise to author the information?
Currency—Is it new? Is it up-to-date for the topic?
Scope/Coverage/Limitations—What does it cover? What does the author state that he
or she will cover? What doesn’t the item provide that would be helpful?
SAMPLE ANNOTATED BIBLIOGRAPHY ENTRY FOR A JOURNAL ARTICLE from the
Cornell University Library
The following example uses the APA format for the journal citation.
Waite, L. J., Goldschneider, F. K., & Witsberger, C. (1986). Nonfamily living and the erosion of
traditional family orientations among young adults. American Sociological Review, 51 (4),
541-554.
The authors, researchers at the Rand Corporation and Brown University, use data from the
National Longitudinal Surveys of Young Women and Young Men to test their hypothesis
that nonfamily living by young adults alters their attitudes, values, plans, and expectations,
moving them away from their belief in traditional sex roles. They find their hypothesis
strongly supported in young females, while the effects were fewer in studies of young
males. Increasing the time away from parents before marrying increased individualism, selfsufficiency, and changes in attitudes about families. In contrast, an earlier study by Williams
cited below shows no significant gender differences in sex role attitudes as a result of
nonfamily living.
2. Additional resources
Purdue Writing Lab – OWL Annotated Bibliography Definitions and Resources
Cornell University Library - How to Prepare an Annotated Bibliography
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3. Submission Guidelines
3.1 Submission must consist of two parts: one for US (5 annotations) and one for India (5
annotations). Topics to be covered are outlined in the Group Project Content Description and
Draft Grading. Grading: ten annotations, 2 points each, 20 points total.
3.2 Each annotated bibliography entry must consist of two paragraphs: first paragraph - source
citation using MLS or APA style; second paragraph – annotation.
3.3 Annotations must be alphabetized and numerated 1 to 10. Submission must also include
your name, course name and number, assignment title, and instructor’s name.
3.4 Submit electronic copy of annotated bibliography as attachment to the discussion post.
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Group Project Content Description and Draft Grading Rubric
(Draft is a group assignment)
Content Description
Fully covered
(use as a guideline for annotated
bibliography assignment)
Group 1 General information. Population structure.
Partially
covered
Not covered
1.1 Country’s official name, map of
(10-6 points)
location, size of the country by territory
and/or population, how it compares to the
rest of the world, population density.
1.2 Current and future population structure (10-6 points)
by age group. Population trends and
policies.
Group 2. Inflation, unemployment, GDP, and.
(5-1 point)
(0 points)
(5-1 point)
(0 points)
2.1 Historical, current and projected
(10-6 points)
inflation and unemployment levels for
both countries (trend for 3-5 years).
2.2 GDP, GDP per capita. Rank among
(10-6 points)
other countries in the world. Alternative
measurements of economic well being (for
example, quality of life index). How
country is ranked, what factors are taken
into account?
Group 3. Economic policy. Budget deficit and public debt.
(5-1 point)
(0 points)
(5-1 point)
(0 points)
3.1 Budget revenues, expenditures,
deficit/surplus.
3.2 Amount, causes, and consequences of
national debt. Debt as % of GDP. Rank
among other countries.
Group 4. International trade and finance.
(10-6 points)
(5-1 point)
(0 points)
(10-6 points)
(5-1 point)
(0 points)
4.1 Exports/imports, country’s
(10-6 points)
specialization, membership in trade
organizations, and trade restrictions.
Exports, imports and balance of trade data
for the past 5 years.
4.2 Currency name and picture. Currency
(10-6 points)
exchange rate over 5 year period.
PART 5. Economic growth and economic forecast
(5-1 point)
(0 points)
(5-1 point)
(0 points)
5.1 Economic growth trends over 5 years
minimum. Factors which contributed to
economic growth.
5.2Future economic conditions including
future growth trends and long-term
outlook for the country.
Other
(10-6 points)
(5-1 point)
(0 points)
(10-6 points)
(5-1 point)
(0 points)
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Content Description
(use as a guideline for annotated
bibliography assignment)
Citations
(2 points)
Sources of information
are clearly indicated on
each slide
Formatting,
organization,
and clarity
Language
(2 points)
Submission has uniform
formatting. Information
is well organized and
clearly visible. No
misplaced or duplicated
slides.
(2 points)
Language is
academically
appropriate. Correct
terminology, grammar
and spelling.
Participation in
group work
(individual
grade portion).
Grade is based
on peer
evaluation
results.
(4-3 points)
Student is responsive to
group needs,
communicates well with
other group members
and instructor.
Consistently meets
deadlines. Reliable.
Produces quality work
and is ready to complete
extra work if needed.
Participation is
evidenced through emails, discussion posts,
or other activity records.
Fully covered
Partially
covered
Not covered
(1 point)
(0 points)
Citations are
incomplete. Some
of the links are
broken. Citations
presented at the end
of the PowerPoint
presentation.
(1 point)
Formatting is not
uniform. Some
slides are misplaced
or duplicated. Flow
of information is
sometimes unclear.
(1 point)
No citations
Submission
contains several
spelling errors,
incorrect sentence
structure;
terminology is not
used or used
incorrectly.
(2-1 point)
Multiple grammar and spelling
errors. Unclear conclusions.
Submission is difficult to
follow.
Student meets
deadlines and
contributes to the
project but is
difficult to
communicate with.
May not respond to
instructor and other
group members’ emails and
discussion posts or
response is delayed.
Student does not communicate
with the group and the
instructor or communication
does not produce any results.
Promises not fulfilled.
Deadlines are not met. Work
not completed. Group has a
right to expel non-performing
member by writing an e-mail
notification. Instructor must be
carbon copied on the e-mail.
(0 points)
Parts or entire submission is
difficult to read and/or follow
due to poor formatting and
visibility of information.
(0 points)
(0 points)
Contribution is of
average or poor
quality.
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Project Presentation Grading Rubric
(Presentation is a group assignment. Each group member must present).
Group grade
Individual
grade
Criterion
Content
Points
20
Time
management
5
Knowledge
20
Presentation
skills
5
Characteristic
Presentation includes introduction, main part, and
conclusion.
All parts of the project are addressed according to
instructions (see GP Content Description).
Presentation format is consistent and easy to
follow.
There is clear evidence of additional research.
Sources of data are referenced or cited during
presentation.
Presentation is supplemented with appropriate
media and visual aids: pictures, videos, data from
the web, Power Points, posters. All visual aids are
readable and visually interesting.
Group is well organized.
Presentation flows without interruption.
Group presentation took 12 to 15 min total and
every group member had equal time to present.
No mistakes in data interpretation or calculations.
(All mistakes in draft submissions must be
corrected. Mistakes carried over from draft will
significantly reduce individual portion of the
grade).
Conclusions are supported with concepts learned in
class and references.
Group members demonstrate knowledge of ALL
topics presented and answer questions with
confidence.
Presenter uses correct language and terminology.
Presenter exhibits confidence and enthusiasm.
Presenter is NOT reading entirely from paper or
PowerPoint. Power Point is used to display data,
graphs, pictures, tables, bulleted or numbered lists
but NOT text.
General rules:
1. Every group member must present for at least 3 min. One double-spaced page of printed
text roughly equals 1 min of talking.
2. Be comfortable with the terminology used. If you do not know what it means, do not say it
or find out the definition.
3. Consider supplementing presentation with youtube videos, cartoons, pictures, interesting
facts about your country, etc.
4. If you use dark background color (picture) consider using light text color. Examples of the
color combinations which DO NOT work: black font on dark blue, green, or red; green font
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on red or vice versa; white text on light background. Keep in mind that projected image has
much less contrast than what you have on the screen.
5. NO SHOWS will receive a zero grade unless proper documentation is provided
(doctors note, copy of the police report, etc.). Even if you do not go to the doctor, you
must request a note from him in order to make this assignment up. You will have to
make entire presentation alone to receive a credit for it.
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Pre/Post-Test on international content for ECON 103
(circle if this is a pre or post-test)
Student name or ID number:
Date:
1) Acronym BRICS stands for:
a) Building material
b) Five largest developing economies
c) Bureau of Research and International Commerce Systems
2) India’s political system is a:
a) Democracy
b) Monarchy
c) Dictatorship
3) India’s economic system is:
a) Capitalism (open-market)
b) Socialism (centralized, government regulated)
c) mixed
4) When comparing population of US and India, we can conclude that:
a) India is more populous than US
b) US is more populous than India
c) They are about the same
5) When rupee (Indian currency) appreciates, Indian exports become
a) More expensive for the rest of the world
b) Less expensive for the rest of the world
c) Price of exports is not affected by the currency exchange rate
6) When compared to other countries by GDP (Gross Domestic Product), India is ranked:
a) In the first 3
b) In the first 15
c) Below 100
7) When compared to other countries by GDP per capita (“per capita” means “per person”), India is
ranked:
a) In the first 3
b) In the first 15
c) Below 100
8) Economic sector that employs most people in India is:
a) Agriculture
b) Services
c) Manufacturing
9) Economic sector that has largest share of GDP output in India is:
a) Agriculture
b) Services
c) Manufacturing
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10) Some of India’s socio-economic problems are:
a) Poverty
b) Population decline
c) Poor infrastructure
d) (a) and (b)
e) (a) and (c)
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