Labour Productivity measures ?
Labour Productivity measures ?
A. The output per worker
B. The output per machine
C. Total output
D. Marginal output
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In a recession, GDP ?
In a recession, GDP ?A. Grows negatively
B. Grows slowly
C. Grows by 0%
D. Grows rapidly -
Economic growth can be measured by ?
Economic growth can be measured by ?A. The CPI
B. The CBI
C. GDP
D. MPC -
A reflationary policy ?
A reflationary policy ?A. increase injections
B. Reducing taxation rates
C. Reducing interest rates
D. Reducing government spending -
For equilibrium in an open four sector economy ?
For equilibrium in an open four sector economy ?A. Actual injections = actual withdrawals
B. Planned injections = planned withdrawals
C. Savings = investment
D. Government spending = tax revenue -
If injections are greater than withdrawals ?
If injections are greater than withdrawals ?A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall -
An increase in national income is likely to ?
An increase in national income is likely to ?A. Decrease tax receipts
B. Worsen the balance of trade
C. Automatically cause an increase in government spending
D. causes an increase in injections into the economy -
An increase in national income is ?
An increase in national income is ?A. Likely in increase exports
B. Likely to decrease savings
C. Likely to decrease investment
D. Likely to increase spending on imports -
Companies in the private sector are owned by ?
Companies in the private sector are owned by ?A. The government
B. holders
C. Employees
D. The community -
Normal profit occurs when ?
Normal profit occurs when ?A. Average revenue equals average variable cost
B. Marginal revenue equals marginal cost
C. Average revenue equals marginal cost
D. Average revenue equals average cost