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

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. What percentage of Agriculture in GDP?

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

   Submitted by: Muhammad Ayaz Keerio

3. 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

4. The study process by which a productive capacity of the economy is increased over time to bring about raising levels of national output and income?

   A. Development
   B. Economic growth
   C. Economic integration
   D. All

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

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

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

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

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

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

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

   A. Annual deficit
   B. Cyclical deficit
   C. Anticipated deficit
   D. None

10. 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