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Question-1
A Gini coefficient of zero means that the
(A)
All the income is received by the top 20% of the income distribution
(B)
One person has all the income and every one else has nothing.
(C)
Income is equally distributed
(D)
The income is split equally the top 20% and the rest of the distribution
Question-2
Potential growth measures:
(A)
The growth of the fastest economy in the world.
(B)
The fastest growth an economy has ever achieved
(C)
The present rate of growth of an economy.
(D)
The rate of growth that could be achieved if resources were fully employed
Question-3
The best way to achieve economic growth is to
(A)
Increase government spending
(B)
Save more
(C)
Reduce taxation
(D)
Increase personal consumption
Question-4
The socially optimal rate of growth is
(A)
Zero
(B)
Negative
(C)
Where the marginal social benefit = the marginal social cost
(D)
Total social costs are minimized
Question-5
A Gini coefficient of one means that
(A)
All the income is received by the top 20% of the income distribution
(B)
Income is distributed equally
(C)
The income is split equally between the top 20% and the rest of the
(D)
One family has all the income and every one else has nothing
Question-6
The percentage of the working age population that is part of the workforce is known as the
(A)
Workers
(B)
Participation rate
(C)
None slackers
(D)
Diligent rate
Question-7
Economic growth can be seen by an outward shift of
(A)
The production Possibility Frontiers
(B)
The Gross Domestic barrier
(C)
The marginal consumption frontiers
(D)
The minimum efficient scale
Question-8
Economic growth can be seen by an outward shift of
(A)
The production possibility Frontier
(B)
The Gross Domestic Barrier
(C)
The Marginal Consumption Frontier
(D)
The minimum Efficient scale
Question-9
The growth path resulting from technological progress for a given saving rate is known as the
(A)
Steady state growth path
(B)
Steady state level of output
(C)
Unsteady state growth path
(D)
Steady state invention rate
Question-10
Dynamic inefficiency in the context of a model of economic growth means.
(A)
The economy's output per unit labour is below its steady state value
(B)
The economy's unemployment rate is too high
(C)
The economy's steady state is to at the golden rule steady state
(D)
None of these
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Cambridge Secondary Grade 10
IGCSE
Practice in Related Chapters
Demand-Side and Supply-Side Policies
Elasticities
Competitive Markets Demand and Supply
The Foundation of Economics
The Theory of the Firms Production, Costs, Revenue and Profits
The Theory of the Firm II Market Structures
The Level of Over All Economic Activity
Aggregate Demand and Aggregate Supply
Government Intervention
Macroeconomic Objectives I : Low Unemployment,Low and Stable Rate of Inflation
Macro Economic Objectives II : Economic Growth and Equity in the Distribution of Income
Market Failure
International Trade
Exchange Rates and the Balance of Payments
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