Economics MCQs

A. Steady state growth path
B. Steady state invention rate
C. Steady state level of output
UnsTeady state growth path

A. Endogenous
B. Exogenous
C. Beta
D. Convergence

A. Total exploitation
B. Labour/capital productivity
C. Total factor productivity
D. Total productivity

A. Sun spot theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory

A. Aggregate supply is
B. Aggregate demand is
C. Potential output is
D. Real variables are

A. Potential output
B. Actual output
C. Real output
D. International trade

A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labor supply changes

A. Imperfect labor markets
B. Rational expectations
C. Intertertemporal decisions of households, firms and government
D. Sun spot cycles

A. All countries will eventually join the eec
B. Poorer countries have higher capital/labour ratios than richer countries.
C. The gap between countries gdp per head will widen
D. Poorer less developed countries will catch up with richer ones.

A. A higher growth rates
B. A fluctuating growth rate
C. A fluctuating growth rates
D. No change in the growth rate