M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

Which of the following is not a problem in comparing developed and developing countries GNP ?
A GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
B The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country
C GNP in understated for developing countries since many of their labor intensive good have no impact on exchange rate since they are not traded
D GNP is overstated for for countries where the price of foreign exchange is less than market clearing price
Correct Answer: GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
A P = ∑Poqo/∑poqo
B P = ∑Poqo/∑pnqn
C P = ∑Pnqo/∑poqo
D P = ∑Poqn/∑poqo
Correct Answer: P = ∑Pnqo/∑poqo
The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?
A less than $900, $900-$9000 and more than $9000
B less than $5000, $5000-$15000 and more than $15000
C less than $100, $100-$1000 and more than $1000
D less than $5000, $5000-$150000 and more than $150000
Correct Answer: less than $900, $900-$9000 and more than $9000
All of the following are low income countries except ?
A United Arab Emirates
B Armenia
C Sudan
D Bangladesh
Correct Answer: United Arab Emirates
All of the following are high income countries except ?
A the United Kingdom
B Singapore
C Japan
D Hungary
Correct Answer: Hungary
According to chapter 2 in the text which of the following is true ?
A The boundary between rich and poor countries has become clearer in 1990s
B The fastest growing countries must be the ones with the highest per capita GNP
C A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
D Today all high and Upper-middle income countries are Western.
Correct Answer: A few poor countries like South Korea and Malaysia in the 1950s grew much more rapidly than some higher-income countries like Uruguay and New Zealand
IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
A 276,000
B 1576,086
C 0.276
D 3.623
Correct Answer: 276,000
If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?
A 6500
B 130
C 0.0065
D 650
Correct Answer: 6500
Economic development refers to ?
A economic growth
B economic growth plus changes in (c) output distribution and economic structure
C improvement in the well-being of the urban population
D sustainable increase in Gross National Product
Correct Answer: economic growth
All of the following are high income countries except ?
A Singapore
B U.K
C Japan
D South Africa
Correct Answer: South Africa
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.