vu eco403 Final Term - Quiz No.7
vu eco403 Macroeconomics Quiz
This quiz belongs to book/course code vu eco403 Macroeconomics of vu organization. We have 22 quizzes available related to the book/course Macroeconomics. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: The Slow residual measures:
The average growth rate of productive inputs less an adjustment for technological progress.
The part of the growth of output not attributable to the growth of inputs.
The share of net product that constitutes real capital income.
The dynamic efficiency of an economy.
Question 2: The extra output that a firm can produce using an additional unit of labor is known as:
Average product of labor.
Marginal product of labor.
Total product.
Total cost.
Question 3: The difficulties of comparing growth of different countries are:
Lack of empirical data
Choice of a common denominator
Assigning weighs to the various items of output
All of the given options
Question 4: In 1997; you bought stock of a company at Rs.10, 000 and sold it after one year at Rs.14, 000. Your __________ gain is __________.
Nominal capital; 40%
Nominal capital; 0.04%
Real capital; 40%
Capital; 0.4%
Question 5: If wages are sticky downward, an increase in labor:
Demand increases the wage rate
Demand decreases the wage rate
Supply increases the wage rate
None of the given options
Question 6: In a given year, a countrys exports total Rs39 million imports are Rs17 million. Its net exports are:
Rs.56 million
Rs.39 million
Rs.22 million
Rs. -2 million
Question 7: In terms of the demand for money, the interest rate represents:
The price of borrowing money
The return on money that is saved for the future
The rate at which current consumption can be exchanged for future consumption
The opportunity cost of holding money
Question 8: Which one of the following is likely to decrease aggregate supply in the economy?
Improvements in technology
A reduction in the rate of corporation tax and income tax
Increased occupational and geographical labor mobility
A rise in the price of raw materials and components
Question 9: When the GDP is measured using adjustments for price changes it is known as the:
Real GDP
Nominal Deflator
Nominal GDP
Real Deflator
