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Economics Mcqs 4423 MCQs [All-Courses]

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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.

All Topics  4423

Purchasing power parity exchange rates are used to ?
A compare living standards of different countries
B pay wages b multinational companies
C estimate the costs of economic growth
D convert nominal GDP to real GDP
Correct Answer: compare living standards of different countries
Real GDP is nominal GDP measured in constant ?
A taxes
B prices
C exchange rates
D interest rates
Correct Answer: prices
Total injection are made up of?
A investment + tax + exports
B savings + government expenditure + exports
C investment + government expenditure + imports
D investment + government expenditure + exports
Correct Answer: investment + government expenditure + exports
Aggregate demand includes only ?
A consumer expenditure government expenditure and investment
B consumer expenditure investment government expenditure and exports less imports
C consumer debt investment debt and government debt
D
Correct Answer: consumer expenditure government expenditure and investment
The length of a business cycle would be measured from ?
A the slump to the expansion
B peak to peak
C peak to trough
D trough to peak
Correct Answer: peak to peak
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)
Correct Answer: GDP deflator
Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?
A economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
B The classical model to explain the prolonged existence of high unemployment during the Great Depression
C fine tuning during the 1960s
D the economy to grow at a rapid rate during the 1950s
Correct Answer: The classical model to explain the prolonged existence of high unemployment during the Great Depression
Macroeconomics is the branch of economics that deals with ?
A imperfectly competitive markets:
B Only the long run adjustments to equilibrium in the economy
C The functioning of individual industries and the behavior of individual decision-making units business firms and households
D the economy as a whole
Correct Answer: the economy as a whole
In an Open economy leakage to imports ____________ the value of the multiplier ?
A reduce
B increase
C do not change
D None of the above
Correct Answer: reduce
The total multiplier for the economy will reflect ?
A MPC and MPT
B MPT and MPZ
C MPC and MPZ
D MPC, MPT and MPZ
Correct Answer: MPT and MPZ
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