The diagram that shows the income received and payments made by each sector of the economy is the ?

Related Mcqs:

1. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

2. The functional distribution of income shows how national income is divided between ?

   A. employees
   B. the population
   C. the factors of production
   D. the working population

3. 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

4. Aggregate demand in an economy trading internationally with a government sector can be written as ?

   A. AD = C + I
   B. AD = C + I + G
   C. AD = C + I + G + X + Z
   D. AD = C + I + G + X – Z

5. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

6. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax
   B. a regressive tax
   C. an equitable tax
   D. a progressive tax

7. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

   A. 30%
   B. 10%
   C. 70%
   D. 40%

8. For equilibrium in an open four sector economy ?

   A. Actual injections = actual withdrawals
   B. Planned injections = planned withdrawals
   C. Savings = investment
   D. Government spending = tax revenue

9. Which one of the following is the largest sector of Pakistan’s economy ?

   A. Agriculture
   B. Banking
   C. Industry
   D. Manufacturing

10. Which one of the following is the largest sector of Pakistan’s economy ?

    A. Agriculture
    B. Banking
    C. Industry
    D. Manufacturing