Tag: introduction to macroeconomics

Questions Related to introduction to macroeconomics

_______ account for the difference between GNP and NNP.

economics basic concepts of national income macroeconomic theories some basic concepts of macroeconomics introduction to macroeconomics

  1. Indirect taxation

  2. Capital formation

  3. Direct tax

  4. all the three

Show answer
Correct Option: B

Which of these is not a feature of a Capitalist economy?

economics basic concepts of national income macroeconomic theories some basic concepts of macroeconomics introduction to macroeconomics

  1. Right of private property

  2. Social justice

  3. Profit maximization

  4. Consumer sovereighty

Show answer
Correct Option: B

Depreciation means __________.

economics basic concepts of national income macroeconomic theories some basic concepts of macroeconomics introduction to macroeconomics

  1. loss of equipment over time due to wear and tear

  2. destruction of plant

  3. closure of plant

  4. none of the above

Show answer
Correct Option: A

Goods that represent the social prestige are __________.

economics basic concepts of national income macroeconomic theories some basic concepts of macroeconomics introduction to macroeconomics

  1. complimentary goods

  2. conspicuous consumption

  3. ignorance

  4. inferior goods

Show answer
Correct Option: B

A refrigerator operating in a chemist's shop is an example of ______________.

economics basic concepts of national income macroeconomic theories some basic concepts of macroeconomics introduction to macroeconomics

  1. free good

  2. final good

  3. intermediate good

  4. consumer good

Show answer
Correct Option: C