By Which scale the value of all economic activity produced by a nation during a given period is measured ?

Related Mcqs:

1. During a given period how the economic activity of a nation is measured?

   A. Gross Domestic Product (GOP) B. Gross National output (GNO) C. Gross National product (GNP) D. Gross National Output...

2. Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium economic theory suggests that the nation’s balance of payments would move into a surplus position if there occurred in the nation a (an) ?

   A. increase in the money demand B. decrease in the money demand C. increase in the money demand D. None of the above...

3. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?

   A. End benefit B. Trickle down C. Free market D. Capitalism...

4. Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?

   A. traditional B. feudal C. command D. mercantile...

5. Which term is used for the total net value of all goods and services produced in a country in specified period of time ?

   A. National income B. Public income C. Local income D. Gross income...

6. If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of ?

   A. a nonlinear relationship B. a positive linear relationship C. a scatter diagrams D. a negative linear relationship...

7. Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?

   A. downward sloping to the right B. U-shaped C. Horizontal D. upward sloping to the right...

8. A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ?

   A. domestic subsidy B. export subsidy C. import quota D. export quota...

9. The total quantity of goods and services produced (or supplied) in an economy in a given period is ?

   A. aggregate investment B. aggregate expenditure C. aggregate demand D. aggregate output...

10. An organization plans the use of its fund during a 12-month period. What is this period called ?

    A. Fiscal period B. Calendar year C. Year unit D. Fiscal year (FY)...