Q. Those goods which satify human wants directly are called: intermediate goods consumer goods capital goods none of these Answer: consumer goods
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Q. Classification of goods depend on the: consumption of goods production of goods first – use of goods end -use of goods Answer: end -use of goods
Q. Final goods are used by the: consumers producers government all of these Answer: all of these
Q. Consumption of all goods and services in the economy during the period of an accounting year is knows as: aggregate demand aggregate supply aggregate consumption none of these Answer: aggregate consumption
Q. Economic agents include: government consumers producers all of these Answer: all of these
Q. Macroeconomics is concerned with: the level of output of goods and services in the economy the general level of prices GDP growth all of these Answer: all of these
Q. Study of the general price level is a subject matter of: microeconomics macroeconomics both 1 and 2 None of these Answer: macroeconomics
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Q. Given NDP at fc = 80, indirect tax = 10, and net factor income to abroad = -10, what is NNP at mp? 70 80 90 100 Answer: 80
Q. GDP at mp is: Inclusive of depreciation Inclusive of indirect tax Exclusive of subsidies All the above Answer: All the above
Q. Capital and investment are:- Both flows Both stocks Capital is stock while investment is flow Investment is stock while capital is flow Answer: Capital is stock while investment is flow
