Economics MCQs

4475 MCQs  (Page 254 of 448)

Economic growth from current year (c) to previous year (p) is given by ?
A. [(gdpc – gdpp)/ dgpp]100
B. [(gdpc – gdpp) dgpp]100
C. Gnpc – dgpp100)
D. [gdpp – gdpc]100
The formula to calculate Passche price index is (o is the base year and n is the given year) ?
A. P = σpnqn/σpoqn
B. P = σpoqo/σpnqn
C. P = σpnqo/σpoqo
D. P = σpnqn/σpoqo
Which of the following statement is not true about LDCs ?
A. Most ldcs have less than 1/10 the per capita gnp of the u.s
B. A greater share of gnp would have to be devoted to education to attain the same primary enrollment rates as in the u.s
C. Setting up western labor standard and minimum wages in labor-abundant ldcs is sensible
D. Most ldcs have a greater shortage of qualified teachers than the u.s does