A. households to save more
B. firms to produce less
C. firms to produce more
D. the MPC to change
If desired spending in the economy exceeds income we would expect ? Read More »
Economics Mcqs, The National Economy A. fall
B. not change
C. fluctuate
D. increase
A. personal saving and private investment
B. personal saving and personal consumption
C. personal consumption and private investment
D. None of the above
A. consumption
B. investment
C. exports
D. work in the home
Real GNP is a crude measure of national welfare because it excludes ? Read More »
Economics Mcqs, The National Economy A. At the present time
B. corrected for tax changes
C. corrected for changes in interest rates
D. At current prices
Nominal GNP measures income ? Read More »
Economics Mcqs, The National Economy A. consumption investment exports
B. investment exports transfer payments
C. investment government expenditure exports
D. taxes exports, transfer payments
Injection into the circular flow are ______ and __________? Read More »
Economics Mcqs, The National Economy A. a final good
B. an intermediate good
C. an injection
D. a leakage
In the economy when a steel producer sells steel to car producer it is regarded as ? Read More »
Economics Mcqs, The National Economy A. unemployment
B. inflation
C. economic growth
D. All of the above
The key issues of macroeconomics are ? Read More »
Economics Mcqs, The National Economy 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
Purchasing power parity exchange rates are used to ? Read More »
Economics Mcqs, The National Economy A. taxes
B. prices
C. exchange rates
D. interest rates
Real GDP is nominal GDP measured in constant ? Read More »
Economics Mcqs, The National Economy