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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

Which of the following are low income countries income country ?
A Canada
B United States
C Mexico
D Australia
Correct Answer: Mexico
Which of the following countries is not a low-income country ?
A Ethiopia
B Rwanda
C Somalia
D Singapore
Correct Answer: Singapore
The formula to calculate economic growth from 2001 to 2002 is given by ?
A [(GDP2002 + GDP2001)/GDP2001]100
B [(GDP2002 – GDP2001) GDP2001]100
C [(GDP2002 – GDP2001)/GDP2001]100
D [(GDP2001 – GDP2002]100
Correct Answer: [(GDP2002 – GDP2001)/GDP2001]100
If GNP per capita at constant prices for Ghana is US$360 and US$364 in 1996 and 1997 respectively, The real economic growth from 1996 to 1997 is ?
A 4%
B 1.11%
C 0.011%
D 11%
Correct Answer: 1.11%
If GNP for Vatican City the smallest country in the world is 200 million euros in year 2011 and its population is 890 GNP per capita is_____________?
A 2000 – 890
B 200/890
C 200,000,000/890
D 200
Correct Answer: 200,000,000/890
Which of the following countries is not a low income country ?
A Indonesia
B India
C Malaysia
D Nigeria
Correct Answer: Malaysia
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