CA Foundation · Paper 4 · 150 Questions · 3 Levels
Core definitions — consumption function C=a+bY, MPC, MPS, APC, APS, equilibrium condition C+I=C+S, two-sector model basics, Keynesian assumptions, circular flow, deflationary and inflationary gaps.
Applied reasoning — three-sector model with G and T, transfer payments, lump sum tax, multiplier concept, leakages, four-sector model with exports and imports, foreign trade multiplier, injections vs leakages.
ICAI-style numericals — find equilibrium Y from C and I functions, calculate MPC/MPS from given data, multiplier problems, three-sector and four-sector equilibrium with tax functions, foreign trade multiplier calculations.
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