A. the GDP
B. the GNP
C. the NNP
D. the SPQR
Related Mcqs:
- A way of calculating the total output of the economy regardless of where resources are located is________________?
A. the GDP
B. the GNP
C. the NNP
D. the SPQR - Total planned OR desired spending in the economy as a whole within a given period is called_____________?
A. pent-up demand
B. aggregate demand
C. elastic demand
D. excess demand - The resources in the economy do not include ?
A. Demand
B. Land
C. Labour
D. Capital - The resources in an economy are ?
A. Constantly increasing
B. Fixed at any moment
C. Constantly decreasing
D. Able to be transferred easily between industries - In economic terms incomes are distributed according to________________?
A. a person’s marginal productivity
B. whom one knows
C. which skills one has
D. innate talent - Economists chart the limits of resources and technology on output through_____________________?
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions - Assume there is no government or foreign setor, If the MPC is 75 a Rs20 million decrease in planned investment will cause aggregate output to decrease by ?
A. Rs80 million
B. Rs20 million
C. Rs 15 million
D. Rs26.67 million - The total quantity of goods and services produced (or supplied) in an economy in a given period is ?
A. aggregate investment
B. aggregate expenditure
C. aggregate demand
D. aggregate output - Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost falls
C. Variable cost rises by Rs100
D. Average fixed cost is Rs10 - Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost rises
C. Variable cost rises by Rs200
D. Average fixed cost was Rs10originally
