Total injection are made up of?

Related Mcqs:

1. Injection into the circular flow are ______ and __________?

   A. consumption investment exports
   B. investment exports transfer payments
   C. investment government expenditure exports
   D. taxes exports, transfer payments

2. Which of the following is an injection into the economy ?

   A. Investment
   B. Savings
   C. Taxation
   D. Imports spending

3. In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?

   A. 3>2>1
   B. 3=2=1
   C. 3<2<1
   D. any measure can be larger or smaller than any other

4. Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?

   A. decrease; decrease
   B. increase; decrease
   C. decrease; increase
   D. increase; increase

5. If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?

   A. 160; 270
   B. 10; 30
   C. 10; 3.33
   D. 30; 10

6. A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

   A. £35
   B. £15
   C. £30
   D. £60

7. The total amount of tax you pay divided by your total income is the ?

   A. average tax rate
   B. marginal tax rate
   C. proportional tax rate
   D. total tax rate

8. Out of the total land area of Pakistan the total land area of Punjab is 20.6 mha (about 50.90 million acres) out of which ____ are cultivated?

   A. 54 % or 11.04 mha
   B. 57 % or 12.00 mha
   C. 58 % or 12.04 mha
   D. 59 % or 13.04 mha

9. Aggregate supply is the total amount ?

   A. produced by the government
   B. of products produced by a given industry
   C. of labor supplied by all households
   D. of goods and services produced in an economy

10. The total multiplier for the economy will reflect ?

    A. MPC and MPT
    B. MPT and MPZ
    C. MPC and MPZ
    D. MPC, MPT and MPZ