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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.

For given government spending and taxation the government budget deficit will grow in _ and decline in __?

A booms, booms

B recession, recession

C booms, recessions

D recessions, booms

Review Detailed Answer

Correct Answer: recessions, booms

If the government increases spending and raises taxes by just enough to finance this increase it will ?

A leave output unchanged

B increase output

C reduce output

D increase the MPC

Review Detailed Answer

Correct Answer: increase output

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

Review Detailed Answer

Correct Answer: the paradox of thrift

The multiplier is calculated as___________?

A 1(1-MPC)

B 1/MPS

C 1/MPC

D a or b

Review Detailed Answer

Correct Answer: a or b

When investment is assumed to autonomous the slope of the AD schedule is determined by the ?

A marginal propensity to invest

B disposable incomes

C marginal propensity to consume

D average propensity to consume

Review Detailed Answer

Correct Answer: marginal propensity to consume

Short-run equilibrium output means that aggregate demand __________ actual output?

A is less than

B equals

C is greater than

D fluctuates around

Review Detailed Answer

Correct Answer: equals

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

Review Detailed Answer

Correct Answer: tax evasion

Real GNP measures income ?

A including non-market activities

B adjusted for inflation

C including externalities

D including tax evasion

Review Detailed Answer

Correct Answer: adjusted for inflation

In the circular flow we would expect leakages to ___________ injections?

A equal

B be less than

C be greater than

D be less or greater than

Review Detailed Answer

Correct Answer: equal

Leakages from the circular flow are _ and __?

A investment, savings, government expenditure

B savings, taxes net of subsidies imports

C consumption investment government expenditure

D consumption taxes imports

Review Detailed Answer

Correct Answer: savings, taxes net of subsidies imports

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

For given government spending and taxation the government budget deficit will grow in _ and decline in __?

If the government increases spending and raises taxes by just enough to finance this increase it will ?

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 ?

The multiplier is calculated as___________?

When investment is assumed to autonomous the slope of the AD schedule is determined by the ?

Short-run equilibrium output means that aggregate demand __________ actual output?

When we refer to the hidden economy we mean unrecorded income owing to ?

Real GNP measures income ?

In the circular flow we would expect leakages to ___________ injections?

Leakages from the circular flow are _ and __?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

For given government spending and taxation the government budget deficit will grow in _________ and decline in __________?

If the government increases spending and raises taxes by just enough to finance this increase it will ?

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 ?

The multiplier is calculated as___________?

When investment is assumed to autonomous the slope of the AD schedule is determined by the ?

Short-run equilibrium output means that aggregate demand __________ actual output?

When we refer to the hidden economy we mean unrecorded income owing to ?

Real GNP measures income ?

In the circular flow we would expect leakages to ___________ injections?

Leakages from the circular flow are _________ and __________?

For given government spending and taxation the government budget deficit will grow in _ and decline in __?

Leakages from the circular flow are _ and __?