the national economy MCQs – Page 3

Practise focused the national economy questions with marked answers for exam preparation and subject revision.

the national economy Mcqs
41. Real GNP measures income ?
comments icon0

A. including tax evasion

B. including externalities

C. including non-market activities

D. adjusted for inflation
42. Two of the major factors contributing to growth are ?
comments icon0

A. resources and a good climate

B. money and luck

C. money and efficiency

D. resources and efficiency
43. The percentage of the labor force that is unemployed is the ?
comments icon0

A. unemployment population ratio

B. employment rate

C. unemployment rate

D. labor force rate

44. The multiplier tells us how much __________ changes after a shift in ____________?
comments icon0

A. savings investment

B. consumption income

C. investment output

D. output aggregate demand
45. If the MPC is 0.5 the multiplier is ?
comments icon0

A. 0.2

B. 2-Jan

C. 20

D. 2
46. Aggregate demand in an economy trading internationally with a government sector can be written as ?
comments icon0

A. AD = C + I + G + X + Z

B. AD = C + I + G

C. AD = C + I

D. AD = C + I + G + X Z
47. when the level of income _________ there will be a tendency for the trade balance to improve as imports?
comments icon0
A. falls, fall

B. increase, increase

C. falls, increase

D. increase, fall