| 1 |
Equilibrium of national income will be when |
- A. S >I
- B. S < I
- C. S = I
- D. S - 1
|
| 2 |
Consumption is a function of. |
- A. Saving
- B. Investment
- C. Income
- D. Expenditure
|
| 3 |
Marginal propensity to consume MPC is. |
- A. Total income spent on consumption
- B. Ratio of additionalincome consumed
- C. Ratio of total income consumed
- D. Consumption divided by saving
|
| 4 |
This will cause decrease in natioal income. |
- A. Rise in exports
- B. Rise in saving
- C. Increas in taxese
- D. B and C above
|
| 5 |
GDP atconstnat prices, calculated according to some base year is called. |
- A. acutal GDP
- B. Real GDP
- C. Net GDP
- D. Nominal GDP
|
| 6 |
Which of the following is a withdrawal from the circular flow of income stream. |
- A. Taxation
- B. Consumption
- C. Subsides
- D. Investment
|
| 7 |
Which of the following would increase national income. |
- A. Increase in taxation
- B. incerese in savings
- C. Increase in govt spending
- D. Decrease in consumption spending
|
| 8 |
MPC is always. |
- A. Positive
- B. Negative
- C. Zero
- D. More then APC
|
| 9 |
In equilibrium of nationalincome. |
- A. S > I
- B. S = I
- C. S < I
- D. All are true
|
| 10 |
If C = 200 and I = 40 then Y will equal |
- A. 160
- B. 240
- C. 8000
- D. None of the above
|
