Explore topic-wise MCQs in Economics Mcqs.

For the first time since World War I, in the mid-1980s the United States became a net international ?

When a country has a trade deficit it ?

Injection into the circular flow are ______ and __________?

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

The multiplier is calculated as___________?

The balance of trade is a record of ?

The differences between a country’s merchandise exports and its merchandise imports is the ?

A nation will a current account deficit will be ?

_______ is needed to balancell the balance of payments statements?

In the balance of payments travels and tourism are included in the category of ?

Historically countries at early stages of rapid economic development have tender to experience ?

A current account surplus implies that ?

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

The difference between a country’s balance of payments and its balance of international indebtedness?

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

Real GNP measures income ?

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 ?

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

Leakages from the circular flow are _________ and __________?

Purchasing power parity exchange rates are used to ?

Real GNP is a crude measure of national welfare because it excludes ?

The key issues of macroeconomics are ?

In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?

Nominal GNP measures income ?

Real GDP is nominal GDP measured in constant ?

All of the following are credit items in the balance of payments except ?

In the economy when a steel producer sells steel to car producer it is regarded as ?

A capital account surplus might be expected to cause a current account deficit because the associated ?

In the balance of payments the statistical discrepancy is used to ?

In an Open economy leakage to imports ____________ the value of the multiplier ?

A country that is a net international debtor initially experiences a (an) ?

Credit (-) items in the balance of payments correspond to anything that ?

Referring to the above table, the U.S balance of international indebtedness suggests that the U.S is a net ?

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

The total multiplier for the economy will reflect ?

The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

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

The argument that U.S current account deficits cause net job losses for Americans ?

Direct investment and security purchases are classified as ?

In balance of payments accounting tourism and travel are classified in the ?

Purchases of government securities in the United States by foreigners is ?

A nation wishing to reduce its current account deficit would be advised to ?

In the calculation of gross domestic product net exports are ?

Current account deficit are offset by______________?

Debit entries on the balance of payments are the entries that would ?

The role of _______ is to direct one nation’s savings into investments of another nation?

The U.S balance of payments is constructed by ?

A country’s transactions with the rest of the world are recorded in the ?

All of the following are debit items in the balance of payments except ?

Credit (+) items in the balance of payments correspond to anything that ?