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.
111) Ct = f(Yt-I) is:
a) Static Model
b) Dynamic model
c) Comparative static
d) None of these
Ans: Static Model
Answer:a
112) Which of the following is a phase of Circular flow of income?
a) Generation phase
b) Distribution phase
c) Disposition phase
d) All of these
Ans:All of these
Answer:d
113) Which of the following is NOT considered a factor income?
a) Rent
b) Wage
c)Profit
d) Gifts from Abroad
Ans: Gifts from Abroad
Answer:d
114) Two sector economy consists of:
a)Households, firms
b) Households, Government
c)Firms, Foreign sector
d) Firms, Government.
Ans: Households, firms
Answer:a
115) Real flow is also known as:
a) Nominal flow
b) Money flow
c) Physical flow
d) Both a and b
Ans: Physical flow
Answer:c
116) Which of the following is the consumption sector?
a)Household
b)Firm
c)Government
d)Foreign
Ans: Household
Answer:a
117) Real flow refers to the flow of factor services from —— to —–
a)Firms to households
b) Households to firms
c) Firms to government
d)Households to government
Ans: Households to firms
Answer:b
118. In a closed economy, ————– is not included
a)Households
b)Firm
c)Government
d)Foreign sector
Ans: Foreign sector
Answer:d
119) which of the following constitute the reason for difference between Market prices and factor cost?
a) Indirect Taxes
b) Subsidies
c) Both A and B
d) neither a nor b
Ans: Both A and B
Answer:c
120) If factor cost is greater than Market price, then it means that:
a) Indirect taxes > subsidies
b) Indirect taxes = subsidies
c) Indirect Taxes < Subsidies
d) Indirect
taxes = and > subsidies
Ans: Indirect Taxes < Subsidies
Answer:c
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