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Economics Past Questions and Answers

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Economics Questions

Question 2441:

The real value of money is

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A Its face value
B What it can buy ata a particular time
C Its rate of exchange with other currencies
D Its intrinsic worth
E Its rate of circulation

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Question 2442:

A tax whose rate increases as income increases is

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A An indirect tax
B A progressive tax
C A regressive tax
D A direct tax
E A proportional tax

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Question 2443:

Which of the following best describes the multiplier?

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A Products of income and expenditure
B Curves of savings and expenditure
C Ratio of change in income to the expenditure that brought it about
D Constant level of income
E Equality of marginal propensity to consume and save

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Question 2444:

Net National Product (NNP) is equal to the

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A Gross Domestic Product (GDP) less depreciation
B Gross National Products (GNP) less depreciation
C Gross Domestic Products (GDP) plus depreciation
D Gross National Products (GNP) plus depreciation
E Gross National Income plus Taxation

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Question 2445:

Terms of trade simply means the price

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A Ratio of import to export
B Ratio of export multiplied by import
C Ratio of export to import
D Ratio of export multiplied by price ratio of import
E Of export minus price of import

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