Question # 1

The long run aggregate supply curve will shift to the right if:

The price level increases.

Factors of production (such as labor and capital) increase

Expenditures (such as consumption and net exports) increase.

The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases

Income elasticity show the relationship between:

Income and demand

Income and consumption

Income and price

Income and saving

In 2005-06, the percentage of total investment to GDP was:

8 percent

10percent

15percent

20percent

The aggregate supply curve is the relationship between:

The price level and the real domestic output purchased

The price level and the real domestic output produced

The price level which producers are willing to accept and the price level purchasers are willing to pay.

The real domestic output purchased and the real domestic output produced.

The share of agriculture in the national economy in 2005-06, was:

21.6percent

16.2percent

12.8percent`

13.4percent

Give the production of sugarcane in Pakistan in 2005-06?

22 millions tons

33 million tons

44 million tons

55 million tons

NAT II Management Science Economy MCQs With Answers