Multiple Choice
GDP Deflator is also called as:
A) Implicit Cost Deflator
B) GDP at Factor Cost
C) Implicit Wage Deflator
D) Implicit Price Deflator
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Macroeconomics is primarily concerned with aggregates. Which
Q4: If the value of a variable varies
Q5: Economic efficiency for the entire economy requires
Q6: Personal Income includes:<br>A)Dividend distributed<br>B)Social insurance contributions<br>C)Corporate profit<br>D)None
Q7: Decisions made in households, firms, and government
Q9: Disposable Income does not include:<br>A)Excise duty paid<br>B)Income
Q10: Scientific attempts to describe economic relationships are
Q11: Theories are:<br>A)Much more complicated than common sense<br>B)Scientific
Q12: The problem of scarcity and choice making
Q13: Knowledge used to combine resources productively is