» Fundamentals of Economics and Management solved MCQs

General equilibrium analysis refers to

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Question:

General equilibrium analysis refers to

A.

Behaviour of individual economic decision making units and individual markets in isolation

B.

Behaviour of all the individual decision making units and market viewed in totality

C.

Both ; (d)

D.

none

Answer» b. Behaviour of all the individual decision making units and market viewed in totality

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Assuming consumption C= `45000, Investment I= `1000, Government Purchase G= `1200, Exports=`450, Depreciation = `600, and Indirect Tax= `500, then GDP will be

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Question:

Assuming consumption C= `45000, Investment I= `1000, Government Purchase G= `1200, Exports=`450, Depreciation = `600, and Indirect Tax= `500, then GDP will be

A.

`5900

B.

`6600

C.

`6000

D.

`5100

Answer» b. `6600

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following equation is correct?

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Question:

Which of the following equation is correct?

A.

GNP=GDP+Net factor income from abroad

B.

GNP=GDP+Gross factor income from abroad

C.

GNP=GDP-Net factor income from abroad

D.

GNP=GDP-Gross factor income from abroad

Answer» a. GNP=GDP+Net factor income from abroad

Note: The above multiple-choice question is for all general and Competitive Exams in India.