9 MCQ on macroeconomics Commerce Notes | EduRev

Commerce : 9 MCQ on macroeconomics Commerce Notes | EduRev

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Needed a Test for microeconomics?

Ref: https://edurev.in/question/761644/Needed-a-Test-for-microeconomics-Related-Economics

Questions and Answers
  • 1.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    Diffrence between Real and Nominal GDP is
    • A. 

      Measured by excluding some of the sectors

    • B. 

      That real GDP is always smaller than Nominal GDP

    • C. 

      Change in price level from base year to current year

    • D. 

      None of the above.

  • 2.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    GDP is  market value of all the final goods
    • A. 

      Produced domestically

    • B. 

      Produced by domestic factors of production

    • C. 

      Produced by all factors of production

    • D. 

      All of the above

  • 3.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    When comparing nation's economic position with other one should see its
    • A. 

      GDP

    • B. 

      Per Capita GDP

    • C. 

      Currency in circulation

    • D. 

      None of the above

  • 4.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    Verticle intercept of consumption function indicates
    • A. 

      Average propensity to consume

    • B. 

      Consumption at zero level of income

    • C. 

      Both of the above

    • D. 

      None of the above

  • 5.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    In consumption function c=a by
    • A. 

      B is intercept

    • B. 

      Slope of the function

    • C. 

      MPC

    • D. 

      A & C

  • 6.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    In Keynesian Framework Income is measured along
    • A. 

      45 degree line

    • B. 

      Verticle axis

    • C. 

      Horizontal axis

    • D. 

      All are correct

  • 7.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    If investment is exogenous to the Income determination model it can be shown as
    • A. 

      Verticle line

    • B. 

      Horizontal line

    • C. 

      All of the above

    • D. 

      None of the above

  • 8.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    In closed economy GDP equals
    • A. 

      C I X-N

    • B. 

      C I

    • C. 

      C I G

    • D. 

      All of the above

  • 9.
    9 MCQ on macroeconomics Commerce Notes | EduRev
    In the model Y=C I G and C=a by Where b=0.8 , the expenditure multplier is
    • A. 

      1

    • B. 

      4

    • C. 

      5

    • D. 

      None of the above

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