A. Brl
B. Bel
C. Bbl
D. Obl
Related Mcqs:
- 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 - For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
A. balance of trade deficits
B. price inflation
C. constrained economic growth
D. improving terms of trade - For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?
A. U.S oil companies and workers deserved higher incomes
B. U.S oil was of superior quality and merited higher prices
C. one should not be too dependent on foreign suppliers of crucial resources
D. The U.S government needed the quota revenue to balance its budget - 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 - What is measured by Gross domestic product (GDP)?
A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of federal government
D. None of these - 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 - Rate of growth of an economy is measured in terms of________________?
A. Per capita income
B. Industrial development
C. Number of people who have been lifted above the poverty line
D. National income - 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) - 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 - The measured unemployment rate can be pushed below the natural rate, but ?
A. only in the short run, and not without inflation
B. only in the long run and not without inflation
C. only is the short run and only if the price level is constant
D. only in the long run and only if the price level is constant
