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The National Economy

The index used most often to measure inflation is the?

September 9, 2021May 27, 2019 by admin
The index used most often to measure inflation is the?

A. wholesale price index (WPI)
B. GDP deflator
C. Producer price index (PPI)
D. consumer price index

Categories Economics Mcqs, The National Economy

The percentage of the labor force that is unemployed is the ?

September 9, 2021May 27, 2019 by admin
The percentage of the labor force that is unemployed is the ?

A. unemployment rate
B. labor force rate
C. employment rate
D. unemployment population ratio

Categories Economics Mcqs, The National Economy

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

September 9, 2021May 27, 2019 by admin
The diagram that shows the income received and payments made by each sector of the economy is the ?

A. income-expenditures diagram
B. aggregate demand-aggregate supply diagram
C. circular flow diagram
D. income-price diagram

Categories Economics Mcqs, The National Economy

Higher export demand __________ output and a higher MPZ __________ output?

September 9, 2021May 27, 2019 by admin
Higher export demand __________ output and a higher MPZ __________ output?

A. reduces, reduces
B. reduces, increase
C. increase, reduces
D. increases, increases

Categories Economics Mcqs, The National Economy

when the level of income _________ there will be a tendency for the trade balance to improve as imports?

September 9, 2021May 27, 2019 by admin
when the level of income _________ there will be a tendency for the trade balance to improve as imports?

A. increase, increase
B. falls, increase
C. falls, fall
D. increase, fall

Categories Economics Mcqs, The National Economy

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

September 9, 2021May 27, 2019 by admin
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

Categories Economics Mcqs, The National Economy

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

September 9, 2021May 27, 2019 by admin
Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A. move into surplus
B. move into deficit
C. remain unchanged
D. None of the above above

Categories Economics Mcqs, The National Economy

Aggregate demand without a foreign sector is the sum of ?

September 9, 2021May 27, 2019 by admin
Aggregate demand without a foreign sector is the sum of ?

A. C + 1
B. C + G
C. I + G
D. C + 1 + G

Categories Economics Mcqs, The National Economy

If the MPC is 0.5 the multiplier is ?

September 9, 2021May 27, 2019 by admin
If the MPC is 0.5 the multiplier is ?

A. 2
B. 1/2
C. 0.2
D. 20

Categories Economics Mcqs, The National Economy

The multiplier tells us how much __________ changes after a shift in ____________?

September 9, 2021May 27, 2019 by admin
The multiplier tells us how much __________ changes after a shift in ____________?

A. consumption income
B. investment output
C. savings investment
D. output aggregate demand

Categories Economics Mcqs, The National Economy
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