(A) real exchange rate
(B) income
(C) tariff rates
(D) interest rate
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Which is the most volatile component of aggregate demand?
(A) Net exports
(B) consumption
(C) investment
(D) government spending
Which of the following is a determinant of consumption?
(A) expectations about future prices
(B) level of indebtedness of consumers
(C) the price level
(D) all of the above
Under conditions of Keynesian equilibrium:
(A) aggregate demand equals aggregate supply
(B) aggregate demand equals national income
(C) both A and B
(D) none of the above
In the circular flow of income, Keynesian equilibrium obtains when?
(A) All the individual sectors are in equilibrium: S=I, T=G, M=X
(B) The aggregate injections equal aggregate withdrawals S+T+M = I+G+X
(C) There is no inflation or unemployment
(D) The interest rate and exchange rate are at their market clearing levels
Based on the above information, we can say that:
(A) Poverty has fallen in the country
(B) Per capita real GDP is falling
(C) Income inequality has worsened
(D) Real growth in the informal sector is 0%
By how much has per capita nominal GNP changed from 2001 to 2002?
(A) -10%
(B) 12.5%
(C) 20%
(D) 0%
By how much has real GDP grown from 2001 to 2002?
(A) -10%
(B) 12.5%
(C) 20%
(D) 0%