Search
.Management Sciences
Category: The National Economy
If desired spending in the economy exceeds income we would expect ?
0
A. households to save more
B. firms to produce less
C. firms to produce more
D. the MPC to change
In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?
A. 3>2>1
B. 3=2=1
C. 3<2<1
D. any measure can be larger or smaller than any other
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)
The index used most often to measure inflation is the?
A. wholesale price index (WPI)
B. GDP deflator
C. Producer price index (PPI)
D. consumer price index
If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of ?
A. market imperfection
B. the law of diminishing returns
C. the paradox of thrift
D. market failure
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
Recent Comments