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Economics Mcqs 4423 MCQs [All-Courses]

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.

According to the classical economists, the only gainers from growth would be ?

A landlords

B peasants

C The army

D politicians

Review Detailed Answer

Correct Answer: landlords

Indicate below what is NOT a main macroeconomic goal ?

A Increasing North Sea oil production

B Reducing unemployment

C Achieving a sustainable rate of economic growth

D Reducing inflation

Review Detailed Answer

Correct Answer: Reducing unemployment

It has become conventional classify a recession as a period where national output falls for _________ or more?

A three years

B six months

C a year

D two years

Review Detailed Answer

Correct Answer: six months

The index used most often to measure inflation is the?

A wholesale price index (WPI)

B GDP deflator

C Producer price index (PPI)

D consumer price index

Review Detailed Answer

Correct Answer: consumer price index

The percentage of the labor force that is unemployed is the ?

A unemployment rate

B labor force rate

C employment rate

D unemployment population ratio

Review Detailed Answer

Correct Answer: unemployment rate

The diagram that shows the income received and payments made by each sector of the economy is the ?

A income-expenditures diagram

B aggregate demand-aggregate supply diagram

C circular flow diagram

D income-price diagram

Review Detailed Answer

Correct Answer: circular flow diagram

Higher export demand output and a higher MPZ output?

A reduces, reduces

B reduces, increase

C increase, reduces

D increases, increases

Review Detailed Answer

Correct Answer: increase, reduces

when the level of income _________ there will be a tendency for the trade balance to improve as imports?

A increase, increase

B falls, increase

C falls, fall

D increase, fall

Review Detailed Answer

Correct Answer: falls, fall

Aggregate demand in an economy trading internationally with a government sector can be written as ?

A AD = C + I

B AD = C + I + G

C AD = C + I + G + X + Z

D AD = C + I + G + X – Z

Review Detailed Answer

Correct Answer: AD = C + I

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A move into surplus

B move into deficit

C remain unchanged

D None of the above above

Review Detailed Answer

Correct Answer: move into surplus

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

According to the classical economists, the only gainers from growth would be ?

Indicate below what is NOT a main macroeconomic goal ?

It has become conventional classify a recession as a period where national output falls for _________ or more?

The index used most often to measure inflation is the?

The percentage of the labor force that is unemployed is the ?

The diagram that shows the income received and payments made by each sector of the economy is the ?

Higher export demand output and a higher MPZ output?

when the level of income _________ there will be a tendency for the trade balance to improve as imports?

Aggregate demand in an economy trading internationally with a government sector can be written as ?

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

According to the classical economists, the only gainers from growth would be ?

Indicate below what is NOT a main macroeconomic goal ?

It has become conventional classify a recession as a period where national output falls for _________ or more?

The index used most often to measure inflation is the?

The percentage of the labor force that is unemployed is the ?

The diagram that shows the income received and payments made by each sector of the economy is the ?

Higher export demand __________ output and a higher MPZ __________ output?

when the level of income _________ there will be a tendency for the trade balance to improve as imports?

Aggregate demand in an economy trading internationally with a government sector can be written as ?

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

Higher export demand output and a higher MPZ output?