A measure of the real purchasing power of the community ?

Related Mcqs:

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

   A. Economic development B. Economic growth C. Growth rate D. Economic efficiency...

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

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

3. The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

   A. Relative poor B. Real poverty C. Absolute poor D. None...

4. Increasing a country’s stock of real capital (net investment in fixed essels)__________________?

   A. Capital accumulation B. Capital dumping C. Capital stock D. None...

5. The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?

   A. Income effect B. Substitution effect C. Labour effect D. All...

6. Power of a good/ service to satisfy human desire/want is called____________________?

   A. Utility B. Worth C. The point of satiety D. All of these...

7. The role of power in economic decision making is studied in________________?

   A. Development economics B. Traditional economics C. Political economics D. None of these...

8. The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?

   A. Capital flight B. Immigration C. Brain Drain D. All...

9. 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...

10. Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

    A. Ammunity B. Commune C. Consumption diseconomies D. None of these...