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The National Economy

If desired spending in the economy exceeds income we would expect ?

September 9, 2021May 27, 2019 by admin
If desired spending in the economy exceeds income we would expect ?

A. households to save more
B. firms to produce less
C. firms to produce more
D. the MPC to change

Categories Economics Mcqs, The National Economy

A linear consumption function with a positive slope less than one means that if income increases consumption will ?

September 9, 2021May 27, 2019 by admin
A linear consumption function with a positive slope less than one means that if income increases consumption will ?

A. fall
B. not change
C. fluctuate
D. increase

Categories Economics Mcqs, The National Economy

In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?

September 9, 2021May 27, 2019 by admin
In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?

A. personal saving and private investment
B. personal saving and personal consumption
C. personal consumption and private investment
D. None of the above

Categories Economics Mcqs, The National Economy

Real GNP is a crude measure of national welfare because it excludes ?

September 9, 2021May 27, 2019 by admin
Real GNP is a crude measure of national welfare because it excludes ?

A. consumption
B. investment
C. exports
D. work in the home

Categories Economics Mcqs, The National Economy

Nominal GNP measures income ?

September 9, 2021May 27, 2019 by admin
Nominal GNP measures income ?

A. At the present time
B. corrected for tax changes
C. corrected for changes in interest rates
D. At current prices

Categories Economics Mcqs, The National Economy

Injection into the circular flow are ______ and __________?

September 9, 2021May 27, 2019 by admin
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

Categories Economics Mcqs, The National Economy

In the economy when a steel producer sells steel to car producer it is regarded as ?

September 9, 2021May 27, 2019 by admin
In the economy when a steel producer sells steel to car producer it is regarded as ?

A. a final good
B. an intermediate good
C. an injection
D. a leakage

Categories Economics Mcqs, The National Economy

The key issues of macroeconomics are ?

September 9, 2021May 27, 2019 by admin
The key issues of macroeconomics are ?

A. unemployment
B. inflation
C. economic growth
D. All of the above

Categories Economics Mcqs, The National Economy

Purchasing power parity exchange rates are used to ?

September 9, 2021May 27, 2019 by admin
Purchasing power parity exchange rates are used to ?

A. compare living standards of different countries
B. pay wages b multinational companies
C. estimate the costs of economic growth
D. convert nominal GDP to real GDP

Categories Economics Mcqs, The National Economy

Real GDP is nominal GDP measured in constant ?

September 9, 2021May 27, 2019 by admin
Real GDP is nominal GDP measured in constant ?

A. taxes
B. prices
C. exchange rates
D. interest rates

Categories Economics Mcqs, The National Economy
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