When we refer to the hidden economy we mean unrecorded income owing to ?

Related Mcqs:

1. Refer to Exhibit 6.If People in the economy expect inflation to be 6 percent but inflation turn out to be 3 percent the economy is operating at point ?

   A. H B. c C. d D. F...

2. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. In the long run a monetary contraction will move the economy in the direction of point ?

   A. F B. a C. H D. I...

3. Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?

   A. b B. I C. a D. H...

4. Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?

   A. d B. G C. E D. b...

5. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

   A. H B. F C. E D. c...

6. Refer to Exhibit 4, Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 Suppose that the price of a pair of socks falls from €5 to €2 The income effect is represented by the movement from point ?

   A. X to point Y B. X to point Z C. Y to point X D. Z to point X...

7. 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...

8. 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...

9. 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%...

10. Refer to Exhibit 6. Suppose the economy is operating at point (D) As people revise their price expectations ?

    A. The short-run Phillips curve will shift in the direction of the short-run Phillips curve associated with an expectation of 3 percent inflation B. The short-run Phillips curve will shift in the direction of the short-run Phillips curve associated with an expectation of 9 per cent inflation C. The short-run Phillips curve will shift in...