A. Gross Domestic Product (GOP)
B. Gross National output (GNO)
C. Gross National product (GNP)
D. Gross National Output
Related Mcqs:
- By Which scale the value of all economic activity produced by a nation during a given period is measured ?
A. Gross Domestic Product (GOP)
B. Gross National output (GNO)
C. Gross National Product (GNP)
D. Gross National output - 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 - 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 - 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 - 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) - Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final - During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?
A. neoclassicism
B. Marxism
C. Rostow’s model
D. classical appraoch - Economic development is measured on the basis of ?
A. Increase in nominal GNP
B. Increase in real GNP
C. Increase in personal income
D. Increase in government revenue - How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI) - If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?
A. The price of autos within the nation will rise by 10 percent
B. The price of autos within the nation will rise by less than 10 percent
C. The price of autos within the nation will rise by more than 10 percent
D. The price of autos will not rise because of internal competition
