A. Subsistence income
B. Poverty gap
C. Absolutely poverty
D. None
Related Mcqs:
- 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 - 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 - Total consumption deducted from total income is called__________________?
A. Net income
B. Gross income
C. Saving
D. None of these - 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 - Using part of income/saving for more income is called_________________?
A. Investment
B. Busyness
C. Consumption
D. Entrepreneurship - 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 - A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?
A. Indifference curve
B. Lorenz curve
C. Budget line
D. Say’s law - An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
A. Cartel
B. Capital account
C. Buffer stock
D. Capital account
