Question # 1

Gross National Product is equal to?

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Net National product adjusted for inflation

Gross Domestic product adjusted for inflation

Gross Domestic product plus net property income from abroad

Net National Product plus not property income from abroad

Reducing inflation is a more important objective than economic growth is an example of:

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Normative economics

Positive economics

Objective economics

Reality economics

Which country is the largest wheat producing country of the world?

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India

China

America

Switzerland

If correlation coefficient is equal to zero, then variables will be?

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Associated

Correlated

Independent

Dependent

To anticipate what the economy is going to do next the government will look at:

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Lagging indicators

Flashing indicators

Coincidental indicators

Leading indicators

Barriers to entry do not include:

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Patents

Internal economies of scale

Mobility of resources

High investment costs

If you see 'sfz' under a note, what does it mean?

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It is an acronym for simple,Fast,Zany

A sudden tempo increase

A slow decrease in sound

a sudden strong accent

Who said the history of all hiterto existing society is the history of class struggle,''?

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Engels

Marx

Lenin

Trotsky

Which of the following is not a direct tax?

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Income tax

Property tax

Sales tax

House tax

The Samuelson Holt formula provides a measure of?

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Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

An increase in aggregate demand will have most effect on prices if:

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Aggregate supply is price inelastic

Aggregate supply is price elastic

Aggregate supply has unitary price elasticity

Aggregate demand is price inelastic

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