| 1 |
Macroeconomics is concerned with. |
- A. Aggregate economic activity
- B. Spending decisions of households
- C. Hod to produce goods
- D. How tobuy stocks and bonds
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| 2 |
Circular flow of income links |
- A. Income expenditure
- B. Govt taxes govt expenditure
- C. Exports ,imports
- D. Saving and investment
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| 3 |
Threre are methods of measurieng natinal income |
|
| 4 |
If saving exceed investment then |
- A. National income rises
- B. National income falls
- C. National income is not affected
- D. None of the above
|
| 5 |
Transfer payments means |
- A. Bank loans
- B. The payment without work
- C. Tax payments
- D. Payments made to all factors of production
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| 6 |
Transfer payments are not included in national income becaues. |
- A. Such payments are made to persons livnig abroad
- B. Double counting would result
- C. They are illegal
- D. There is no method to account for these
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| 7 |
Which of the followign is not included in personali income |
- A. Social security benefits
- B. Dividend payments
- C. Undistributed corporate profits
- D. Interest received from of saving certificates
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| 8 |
In economics one of more persons living in a joint family are called a |
- A. Community
- B. Social gathering
- C. Super family
- D. Household
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| 9 |
It would increase the lvel of national income. |
- A. An increase in taxation
- B. A reduction in governmnet spending
- C. An increase in exports
- D. Students scholarships
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| 10 |
To determine the correct level of GNP ,it is necessary to. |
- A. Add up the values of goods and services during one year
- B. Add up allsavings
- C. Count all imports
- D. Add up the value of semi finished goods
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