Macroeconomics MCQs [PDF]

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1. Out of these, best indicator to compare the economic progress of different countries, over the time is: a. Growth rate of Nominal Per Capita Income

c. Growth rate of Per Capita Income at PPP

b. Growth rate of Real Per Capita Income

d. All of the above

2. Most prominent component of of GDP measured with expenditure approach is a. Consumption

c. Govt Expenditures

b. Investment

d. Net Exports

3. Which of the following is not included in gross investment? a. Business and residential construction.

c. Additions to business inventory.

b. Expenditures on consumer goods.

d. Expenditures on machinery.

4. In a model in which there are household, business, government and foreign sectors, GDP is the sum of: a. Consumption, gross investment, government spending for goods and services and net exports. b. Consumption, net investment, government spending for goods and services and net exports. c. Consumption, gross investment, government spending for goods and services and gross exports. d. Wages, rent, interest, profit and depreciation. 5. Net Domestic Product ------------- Gross Domestic Product a. >

c. =

b.