It is the _______ interest rate that matters for spending decisions and the _______ interest rate that is relevant when we look at monetary questions.
Which of the following is an example of a transfer payment?
GDP measures ?all goods and services _________________________ produced in a given year?.
Financial Inclusion means:
The labour measure (L) is:
Until the First World War, the prices
The Keynesian assumption is a convenient analytical short cut and turns out to be a rather accurate description of the reality. What does it assume?
Which of the following transactions would be included in the calculation of Gross Domestic Product (GDP)?
A certain amount of goods and services is necessary for a minimum standard of living. This is called:
Which of the following is NOT a limitation of Gross Domestic Product (GDP) as a measure of economic welfare?
Economic development is measured by:
With perfect income equality the Gini coefficient in a country would be
The accelerator principle states:
The monetary policy tools are used for:
Which of the following is NOT a component of the expenditure approach to calculating Gross Domestic Product (GDP)?
Core inflation measures:
Which kind of demand fluctuates the most?
Gini coefficient is the measure of:
Quantity theory of money states that when the quantity of money increases, the value of money:
Economic growth measures the:
GNP measures:
There are strong theoretical reasons to expect that changes in wealth are responsible for changes in consumption. Nonetheless, one reason that we observe a tight link between consumption and disposable income is:
The aggregate production function for the Solow growth model assumes ___________ returns to scale and _____________ marginal productivity of labour and capital.
Fiscal and monetary policies are used to:
Macroeconomics distinguishes between the real economy and the
Which of the following is NOT included in the calculation of Gross Domestic Product (GDP)?
If a country's Gross Domestic Product (GDP) is $500 billion and its population is 100 million, what is the country's GDP per capita?
Okun?s Law defines the relationship between:
Goal 1 of Sustainable Development Goals relates to:
If a country's Gross Domestic Product (GDP) is $800 billion and its Gross National Product (GNP) is $750 billion, what is the value of net factor income from abroad (NFIA)?
A supply side vicious circle of poverty suggests that poor nations remain poor because:
Economic recession is defined as reduced economic activities and employment levels for at least:
In short-run macroeconomic analysis, demand is often viewed as the driving force. Which component of total demand is often regarded as being independent of economic conditions and thus exogenous in the model?
If Gross Domestic Product (GDP) is $10 trillion and Gross National Product (GNP) is $11 trillion, what is the value of net factor income from abroad (NFIA)?
What is not a component of the GDP?
In the circular flow of income, which sector consists of households?
In Pakistan, investment as a percentage of GDP is lower than:
When the manufacturer of power looms expands, there are forward linkage effects due to:
Non-traded goods do not enter measured GDP because:
Which of the following measures is used to adjust Gross Domestic Product (GDP) for inflation?
Which of the following is not typically an element in the structural change that accompanies development?