Real GNP measures income ?

Related Mcqs:

According to the classical economists, the only gainers from growth would be ?

A. landlords B. peasants C. The army D. politicians...

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A. move into surplus B. move into deficit C. remain unchanged D. None of the above above...

Aggregate demand in an economy trading internationally with a government sector can be written as ?

A. AD = C + I B. AD = C + I + G C. AD = C + I + G + X + Z D. AD = C + I + G + X – Z...

When we refer to the hidden economy we mean unrecorded income owing to ?

A. tax evasion B. poor statistics C. the lags between statistical collection and publication D. smuggling...

Short-run equilibrium output means that aggregate demand __________ actual output?

A. is less than B. equals C. is greater than D. fluctuates around...