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Economics Mcqs 4423 MCQs [All-Courses]

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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

IF GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austri is US$555 and US$560 in 2011 and 2012 respectively, the real economic growth from 2011 to 2012 is ?
A 5%
B 0.901%
C 0.090%
D 0.991%
Correct Answer: 0.901%
Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?
A 9700 (1978 / 2005)
B 300 / 360
C 300 000 000 / 9700
D 32.333
Correct Answer: 300 000 000 / 9700
Lespeyres type indexes use weights from_____________?
A current period
B base-period
C forecasting
D future year
Correct Answer: future year
According to the next basic needs include ?
A food, clothing and housing
B health, education and quality housing
C adequate nutrition, primary education health sanitation water supply and housing
D longevity and living standards
Correct Answer: adequate nutrition, primary education health sanitation water supply and housing
Longevity is proxy for ________ in the Human Development Index?
A health and nutrition
B living standard
C infant mortality
D Purchasing Power Parity
Correct Answer: health and nutrition
The Physical Quality of Life Index (PQLI) combines three indicators They are ?
A infant mortality life expectancy and adult literacy rate
B crime rate clean environment and quality of housing
C air pollution rate, Water pollution rate and sanitation
D health education and environment
Correct Answer: infant mortality life expectancy and adult literacy rate
The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?
A both exchange rates are measured s the domestic currency price of the US-dollar
B both exchange rates are not converted into international dollars
C both exchange rate are pegged
D both exchange rate are converted into Big Mac PPP formula
Correct Answer: both exchange rates are measured s the domestic currency price of the US-dollar
The Paasche index uses _________ weights?
A current-year
B base-year
C fisher-ideal index
D Purchasing Power Parity (PPP)
Correct Answer: current-year
OPEC is the ?
A Organization of Petroleum Exporting Country
B Organization of Pre-European Commission
C Oil Producing Economies Caucus
D Organization of Problematic Economies Committee
Correct Answer: Organization of Petroleum Exporting Country
One classification of development levels used by the World Bank divides countries into three group on the basis of GNP per capita They are ?
A NIC, OPEC and G7
B Low income , middle income and high income
C Southeast Northeast and Southwest
D Asia, America and Europe
Correct Answer: Low income , middle income and high income
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