Economic growth can be accelerated through ______?
A. balancing of savings and consumption B. postponement of current consumption C. planned current consumption D. increased current consumption Correct Answer: Option C – planned current consumption
In national income accounting; NNP is derived by subtracting from the GNP?
A. transfer payments B. indirect taxes C. allowance for wastage D. capital consumption Correct Answer: Option D – capital consumption
The capital market is a market for trading of financial assets such as?
A. bankers’ acceptances B. treasury bills C. long-term securities D. commercial papers Correct Answer: Option C – long-term securities
The price paid for labour services is the?
A. commission rate B. wages rate C. income rate D. salary rate Correct Answer: Option B – income rate
A tax that increases at a higher percentage as income increase is called?
A. a proportion tax B. a regressive tax C. a progressive tax D. an income tax Correct Answer: Option C – a progressive taxProducts
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