A. Total spending
B. Aggregate spending
C. Both a and b
D. None
Related Mcqs:
- The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None - The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?
A. Trade surplus
B. Trade deficit
C. Trade off
D. None - The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?
A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None - Employment available resources so that the maximum amount of goods and services is produced?
A. Large scale production
B. Full production
C. Fringe benefits
D. None - A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?
A. Income schedule
B. Saving schedule
C. Consumption schedule
D. None - Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation - A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?
A. Plant
B. Firm
C. Factory
D. None - A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy - A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
A. Current account
B. Fixed account
C. Saving account
D. Capital account - A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?
A. Basic needs
B. Poverty line
C. Gini co-efficient
D. None
