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

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. 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...

5. 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...

6. Total consumption deducted from total income is called__________________?

   A. Net income B. Gross income C. Saving D. None of these...

7. 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...

8. 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...

9. 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...

10. 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...