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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

Which of the following would be excluded from UK GDP fro 2005? The sale of ?

A a haircut

B the value of a lawyer’s services

C a 2005 Honda made in Swindon

D All of things mentioned in these answers should be counted in 2005 GDP.

Review Detailed Answer

Correct Answer: a haircut

An example of a transfer payment is ?

A Profit

B rent

C unemployment benefits

D government purchases

Review Detailed Answer

Correct Answer: unemployment benefits

In a recession a government ?

A Is likely to want to decrease demand in the economy

B Is likely to want to decrease demand in the economy

C Is likely to want to stabilise demand in the economy

D Is likely to want to increase supply in the economy

Review Detailed Answer

Correct Answer: Is likely to want to increase supply in the economy

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Which of the following would be excluded from UK GDP fro 2005? The sale of ?

An example of a transfer payment is ?

In a recession a government ?