Economics MCQs

A. Free entry and exit
B. Long run economic profits
C. Many sellers
D. Differentiated products

A. Final goods and services intermediate goods, transfer payments, and rent
B. Consumption investment government purchases and net exports
C. Consumption transfer payments. wages and profits.
D. Net national product gross national product, and disposable personal income

A. Intermediate goods
B. Final goods and services
C. Manufactured goods
D. Inferior goods and services

A. Rs50
B. Rs100
C. Rs650
D. Rs500

A. Foreign; domestic
B. Current year; base year
C. Domestic; foreign
D. Base year; current year

A. Intermediate production
B. Net national product
C. Investment
D. Depreciation

A. Deduct depreciation
B. Deduct indirect taxes
C. Deduct subsidies
D. Add inflation

A. It measures wealth not income
B. It measures gross domestic product
C. It does not measure the quality of the items produced
D. It is only measured every five years:

A. Real gdp per capita
B. Real gdp
C. Real gdp population
D. Real gdp plus depreciation

A. Intermediate production exceeds final production
B. Foreigners are producing more in the pakistan then pakistanis are producing in foreign countries
C. Real gnp exceeds nominal gnp
D. Real gdp exceeds nominal gdp