An increase either in real output (GDP) or in real output per capita is called___________________?

Related Mcqs:

1. A measure of average output or real output per unit of input is called____________________?

   A. Efficiency
   B. Production
   C. Productivity
   D. None

2. Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

   A. Demand pull inflation
   B. Stagflation
   C. Both
   D. None

3. A tax which is a constant amount at all levels of GDP is termwd as ?

   A. Fixed tax
   B. Surcharge
   C. Lump sum tax
   D. None

4. What percentage of Agriculture in GDP?

   A. 20.9
   B. 21.5
   C. 19.8
   D. 18.5

   Submitted by: Muhammad Ayaz Keerio

5. Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

   A. Fiscal policy
   B. Economic planning
   C. Economizing problem
   D. None

6. The process of deriving principles is called___________________?

   A. theoretical economics
   B. Economics analysis
   C. Both A. and B.
   D. None of these

7. To charge different prices for the goods of the same standard is called___________________?

   A. Prices discrimination
   B. Prices differentiation
   C. Oligopoly
   D. Prices elasticity

8. The total amount by the federal govt. of the owner of the govt. securities is called___________________?

   A. Public debt
   B. Public finance
   C. Public good
   D. None

9. Total number of monetary units received by a firm from the sale of a product is called___________________?

   A. Total revenue
   B. Nominal profit
   C. Both
   D. None

10. A measure of the real purchasing power of the community ?

    A. Aggregate demand
    B. Total effective demand
    C. Total expenditure
    D. All