A steady increase in general price level is termed as_____________.

(a)

wholesale price index

(b)

Business Cycle

(c)

Inflation

(d)

National Income

Income method is measured by summing up of all forms of__________

(a)

Revenue

(b)

Taxes

(c)

expenditure

(d)

Income

Disposable income = ___________.

(a)

GDP = \(\frac{Normal\ GDP}{Real\ GDP}\times100\)

(b)

GNP - Depreciation allowance

(c)

GDP - Depreciation

(d)

Gross National Product

Keynes theory pursues to replace laissez faire by ___________

(a)

No government intervention

(b)

Maximum intervention

(c)

State intervention in certain situation

(d)

Private sector intervention

The multiplier tells us how much __________ changes after a shift in _____

(a)

Consumption, income

(b)

investment, output

(c)

savings, investment

(d)

output, aggregate demand

During depression the level of economic activity becomes extremely

(a)

high

(b)

bad

(c)

low

(d)

good

International trade differs from domestic trade because of

(a)

Trade restrictions

(b)

Immobility of factors

(c)

Different government policies

(d)

All the above

Which of the following countries is not a member of SAARC?

(a)

Sri Lanka

(b)

Japan

(c)

Bangladesh

(d)

Afghanistan

The difference between revenue expenditure and revenue receipts is

(a)

Revenue deficit

(b)

Fiscal deficit

(c)

Budget deficit

(d)

Primary deficit

The term Uiin regression equation is

(a)

Residuals

(b)

Standard error

(c)

Stochastic error term

(d)

None