A. the GDP
B. the GNP
C. the NNP
D. the SPQR
Related Mcqs:
- A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?
A. the GDP
B. the GNP
C. the NNP
D. the SPQR - The resources in the economy do not include ?
A. Demand
B. Land
C. Labour
D. Capital - The resources in an economy are ?
A. Constantly increasing
B. Fixed at any moment
C. Constantly decreasing
D. Able to be transferred easily between industries - Economists chart the limits of resources and technology on output through_____________________?
A. production-possibility schedules
B. product-moment correlations
C. Venn diagrams
D. welfare functions - 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 - Total planned OR desired spending in the economy as a whole within a given period is called_____________?
A. pent-up demand
B. aggregate demand
C. elastic demand
D. excess demand - Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost falls
C. Variable cost rises by Rs100
D. Average fixed cost is Rs10 - If labour productivity per week is 200 units and there are 5 employees what is the total output ?
A. 40 units
B. 195 units
C. 1000 units
D. 200 units - Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost rises
C. Variable cost rises by Rs200
D. Average fixed cost was Rs10originally - Which resources are scarce in every society ?
A. Fertile land
B. Wheat and com
C. Food shelter and protective coverings
D. Sufficient males to mate with all the females
