by Shubhrata Shrestha | May 26, 2025
Economic Growth Quiz 1. Which of the following is adjusted for inflation to reflect real output? A) GDP per capita B) Nominal GDP C) Government expenditure D) Real GDP None 2. A long-term cause of economic growth includes: A) A one-time increase in consumer spending...
by Shubhrata Shrestha | May 26, 2025
Aggregate Demand and Aggregate Supply Analysis Quiz 1. What does the ‘I’ stand for in the AD equation AD = C + I + G + (X – M)? A. Imports B. Interest rate C. Investment D. Income None 2. Which of the following would cause a leftward shift of the Aggregate Demand...
by Shubhrata Shrestha | May 26, 2025
Introduction to the Circular Flow of Income Quiz 1. In a closed economy, which sectors are involved in the circular flow of income? A. Households and firms B. Households and government C. Firms and international sector D. Government and foreign investors None 2. Which...
by Shubhrata Shrestha | May 25, 2025
National Income Statistics Quiz 1. What does Gross Domestic Product (GDP) primarily measure? A. Net income from abroad B. Total value of goods and services produced within a country C. Depreciation on capital goods D. Income received by residents from foreign assets...
by Shubhrata Shrestha | May 25, 2025
Addressing Income and Wealth Inequality Quiz 1. Which of the following best describes income? A. Ownership of assets B. Value of total property C. Earnings received over time D. Savings accumulated from past wages None 2. The Gini coefficient is used to measure: A....
