The Balance of Payments & The National Economy Mcqs

MCQ: The balance of trade is a record of ?

  1. exports and imports of financial assets
  2. the current account plus capital account
  3. the net export of goods and services
  4. the value of merchandise exports minus imports

Releted Questions

The Balance of Payments & The National Economy Mcqs

MCQ: Macroeconomics is the branch of economics that deals with ?

  1. imperfectly competitive markets:
  2. Only the long run adjustments to equilibrium in the economy
  3. The functioning of individual industries and the behavior of individual decision-making units business firms and households
  4. the economy as a whole

D

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

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

B

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

  1. wholesale price index (WPI)
  2. Consumer price index (CPI)
  3. GDP deflator
  4. Producer price index (PPI)

C

MCQ: The length of a business cycle would be measured from ?

  1. the slump to the expansion
  2. peak to peak
  3. peak to trough
  4. trough to peak

B

MCQ: Aggregate demand includes only ?

  1. consumer expenditure government expenditure and investment
  2. consumer expenditure investment government expenditure and exports less imports
  3. consumer debt investment debt and government debt
  4. consumer expenditure and investment

A

Multiple Choice Questions and Answers