Question # 1

Due to devaluation exports become:

Smaller

Larger

Cheaper

Expensive

If we compare Gross Domestic Product (GDP) with Gross National

1. Product (GNP) then:

GNP = GDP - Net income from abroad

GNP = GDP + Net income from abroad

GNP = NNP - Net income from abroad

GNP = NNP + Net income from abroad

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates

It refers to the effect of interest rates on borrowing which in turn affects consumption spending.

It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded

It refers to the shifts in aggregate demand when interest rates change

In 2005-06, the crop area of sugarcane in thousand hectares was:

540

642

756

907

Who criticized Prof. Robbin's definition?

Marshall, J.B

Beveridge

Clark

Pigeou

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

NAT II Management Science Economy MCQs With Answers