Nominal GNP measures income ?

Related Mcqs:

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s B. The classical model to explain the prolonged existence of high unemployment during the Great Depression C. fine tuning during the 1960s D. the economy to grow at a rapid rate during the 1950s...

An index of prices of all domestically produced goods in the economy is the ?

A. wholesale price index (WPI) B. Consumer price index (CPI) C. GDP deflator D. Producer price index (PPI)...

If the MPC is 0.5 the multiplier is ?

A. 2 B. 1/2 C. 0.2 D. 20...

Equilibrium in the circular flow of income occurs when ?

A. Injections = withdrawals B. There is a Bank Holiday C. Injections withdrawals D. None of these...

The total multiplier for the economy will reflect ?

A. MPC and MPT B. MPT and MPZ C. MPC and MPZ D. MPC, MPT and MPZ...