Micro Economics 1 Set 8

Bachelor of Arts in Economics (BA Economics)

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This set of Micro Economics 1 Multiple Choice Questions & Answers (MCQs) focuses on Micro Economics 1 Set 8

Q1 | Keynes considered subjective and objective factors:
Q2 | The sum of marginal propensity to consume plus marginal propensity to save must equal to:
Q3 | Keynesian economics is:
Q4 | The MEC increases when:
Q5 | Which of the following is correct?
Q6 | Starting point of Keynesian economics is:
Q7 | Keynesian three sector model consist of:
Q8 | A substantial increase in the rate of interest can cause:
Q9 | Functional relationship between saving and disposable income is:
Q10 | As the value of MPC increases, the value of multiplier:
Q11 | Who among the following pioneered the first real estimate of national income?
Q12 | Who argued that national income is simply equal to “net product of agriculture”?
Q13 | Who argued that “Everything that is produced in the course of a year, every service rendered, every fresh utility brought about is a part of the national wealth.”?
Q14 | Who made the first major attempt to estimate national income in a somewhat comprehensive manner?
Q15 | Consumption of capital good in the process of production is called as
Q16 | Which one of the following is roughly equal to national income?
Q17 | Which one of the following includes ‘income of residents’?
Q18 | Remittances made by NRIs to India in the context of national income accounting is called as
Q19 | Who first introduced the concept of circular flow of income?
Q20 | Which one in the following is a stock variable?
Q21 | Which one in the following is a flow variable?
Q22 | Why do not the sale or purchase of used goods are not included in the GDP?
Q23 | Inventories are unsold goods produced by a firm, then why do they are included in GDP?
Q24 | The value of ‘intermediate goods’ are excluded from GDP calculation because:
Q25 | Value added at each stage of production means:
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