6/28/2017
econom ic ics questi on ons and answer s m ul ul titi pl pl e choi ce ce - nati on onal i nc ncom e
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61. G NP is always: always: A.Less than NNP C.Equal C. Equal to NNP
B.Greater B. Greater than NNP Greater in many years but less in D. others
Answer & Explanation Answer: Option Option B Explanation:
View Answer Workspace Answer Workspace Report Discuss in Forum 62. The four factor payments are: A.Money, A. Money, capital, salaries, salarie s, and and income C.Money, C. Money, power, prices and wealth Answer & Explanation
B.Wages, rent, interest and profits B.Wages, D.Wages, D. Wages, interest, salaries and income
Answer: Option B Explanation:
View Answer Workspace Answer Workspace Report Discuss in Forum 63. Macroeconomics is concerned with: A.Aggregate A. Aggregate economic activity C. How to produce prod uce goods Answer & Explanation
B.Spending decisions of households B.Spending D.How D. How to but stocks and bonds
Answer: Option A Explanation:
View Answer W Answer Workspace Report Discuss in Forum 64. Which of the following is not macroeconomics: A.Inflation A. Inflation B.Unemployment B. Unemployment C.The C. The level of output in the economy D.Level D. Level of wages in garment industry Answer & Explanation Answer: Option D Explanation:
View Answer Workspace Answer Workspace Report Discuss in Forum 65.
A closed economy is best described as one in which: A.There A. There are no monopolies B. No No corporations C. No No externalities D. No No international trade Answer & Explanation Answer: Option D Explanation:
View Answer Workspace Answer Workspace Report Discuss in Forum 66. In economics, one or more persons living in a joint family are called a: A.Business A. Business firm B.Social B. Social gathering C.Super C. Super family D.Household D. Household Answer & Explanation Answer: Option D Explanation:
View Answer Workspace Answer Workspace Report Discuss in Forum
6/28/2017
econom ics questi ons and answer s m ul ti pl e choi ce - nati onal i ncom e
A.Compensation f employees C.Rental income Answer & Explanation
B.Proprietors income D.Corporate profits
Answer: Option A Explanation:
View Answer Workspace Report Discuss in Forum 68. An open economy: A.Must be a democracy B.Is one without taxes C.Is that interacts with other economies D.Means world economy Answer & Explanation Answer: Option C Explanation:
View Answer Workspace Report Discuss in Forum 69. Which of the following is transfer payment: A.Paument of college tuition fee B.Payment for social security C.Payment of interest D.Payment for a leased car Answer & Explanation Answer: Option B Explanation:
View Answer Workspace Report Discuss in Forum 70. Which of the following is counted in GDP: A.Sale of used car B.Purchase of shares of PSO (company) A TV set produced this year but not C. D.The leisure enjoyed by people sold Answer & Explanation Answer: Option C Explanation:
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