Macro Economics MCQ
Macro Economics MCQ Meaning :- Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy. The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
101) Which of the following is NOT a flow variable?
a)Income
b) Wealth
c) Saving
d) Investment
Ans: Wealth
Answer:b
102) Macroeconomics is concerned with:
a)The level of output of goods and services
b) The general level of prices
c) The growth of income
D) All the above
Ans: All the above
Answer:d
103) Which of the following is NOT a stock variable?
a)Capital
b) Wealth
c) Interest
d) Saving
Ans:Saving
Answer:d
104) The word Macro was first used in Economics by:
a) Keynes
b)Marshall
c)Ragnar Frisch d)
J.R. Hicks
Ans: Ragnar Frisch
Answer:c
105) National Income is a:
a) Stock concept
b) Flow concept
c) Cross section analysis
d)None of the above
Ans: Flow concept
Answer:b
106) A variable which has no time dimension but is described at a specific moment of time is:
a)Stock Variable
b) Flow Variable
c) Ratio Variable
d) None of the above
Ans: Stock Variable
Answer:a
107) Stock variable is measured :
a)At a point of time
b) During a period of time
c) In an accounting year
d) None of these
Ans: At a point of time
Answer:a
108)If a model has no equilibrium, it can be analysed only by :
a) Static method
b) Dynamic method
c) Comparative static method
d) static and comparative static method
Ans: Dynamic method
Answer:b
109) Macro-static equilibrium implies:
a)A complete absence of change
b) A change at an unchanged rate
c) A change in only absolute values
d) None of these
Ans: A complete absence of change
Answer:a
110) Who introduced the terms ex-ante and ex-post?
a) Myrdal
b) Ricado
c) Malthus
d) Say
Ans: Myrdal
Answer:a
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