If Pakistan’s GDP exceeds Pakistan’s GNP, then ?

Related Mcqs:

1. If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?

   A. must have fallen
   B. must have risen
   C. must have stayed the same
   D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output

2. Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?

   A. 9700 (1978 / 2005)
   B. 300 / 360
   C. 300 000 000 / 9700
   D. 32.333

3. If GNP for Vatican City the smallest country in the world is 200 million euros in year 2011 and its population is 890 GNP per capita is_____________?

   A. 2000 – 890
   B. 200/890
   C. 200,000,000/890
   D. 200

4. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

   A. declined
   B. increased
   C. remained the same
   D. cannot be determined

5. If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?

   A. 3.1 percent
   B. 3.0 percent
   C. 18.6 percent
   D. 18.0 percent

6. 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

7. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

   A. Cost push theory
   B. Supply and Demand theory
   C. Fundamental theory
   D. Ricardo’s theory

8. Real GDP is nominal GDP measured in constant ?

   A. taxes
   B. prices
   C. exchange rates
   D. interest rates

9. IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?

   A. 276,000
   B. 1576,086
   C. 0.276
   D. 3.623

10. If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?

    A. 1000
    B. 260
    C. 0.001
    D. 259740