A. Relative poor
B. Real poverty
C. Absolute poor
D. None
Related Mcqs:
- Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
A. Subsistence income
B. Poverty gap
C. Absolutely poverty
D. None - The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping
B. Subsidy
C. Inflation
D. Monopoly - Total money income received by the individual or recipients of income is called____________________?
A. Gross income
B. Net income
C. Personal income
D. None of above - 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 - 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 - Total consumption deducted from total income is called__________________?
A. Net income
B. Gross income
C. Saving
D. None of these - 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 - The study of how economies are transformed from stagnation to growth and from low income to higher income status?
A. Econometrics
B. Development economics
C. Development plan
D. All - Income that is available to house holds for spending and saving after personal, income taxes have been deducted ?
A. Saving
B. Disposable income
C. Net income
D. All - The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?
A. Elasticity of demand
B. Import substitution
C. Income elasticity of demand
D. None
