A federal budget deficit caused by a recession and a consequent decline in tax revenues ?

Related Mcqs:

1. The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?

   A. Marginal returns
   B. Diminishing returns
   C. Both
   D. None

2. The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?

   A. Depreciation
   B. Downsizing
   C. Rightsizing
   D. All

3. The branch of economics which analyze govt. revenues and expenditures is__________________?

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

4. 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

5. A tax imposed by a nation on an imported good is called_________________?

   A. Tariff
   B. Foreign exchange
   C. Net profit
   D. GNP

6. A tax levied on the cost of a board group of products______________________?

   A. Income tax
   B. Sales tax
   C. Consumer charge
   D. None

7. Tax levied on production of specific product on quantity of product purchased ?

   A. Sales tax
   B. Excise tax
   C. Income tax
   D. All

8. 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

9. 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

10. A type of unemployment caused by insufficient total spending___________________?

    A. Under employment
    B. Underdevelopment
    C. Cyclical unemployment
    D. None