A. Consumption is a function of the rate of change of income B. income is a function of the rate…
A. supply of money B. value of money C. demand for money D. attribute of money Correct Answer: Option A…
A. surplus budget B. deficit budget C. balanced budget D. minus budget Correct Answer: Option B - deficit budget Explanation…
A. socialist system B. mixed system C. capitalist system D. traditional system Correct Answer: Option C - capitalist system Explanation…
A. less tax B. divided by tax C. plus tax D. multiplied by tax Correct Answer: Option A - less…
A. Macro economics B. deductive method of economic analysis C. micro economics D. Inductive method of economics analysis Correct Answer:…
A. 2 B. 0.4 C. 1 D. 0.5 Correct Answer: Option D - 0.5 Explanation The Marginal Propensity to Consume…
A. (Price index of export ÷ Price index of export) × 100 B. (price index of import ÷ price index…
A. Increase in demand B. Reduce public spending C. Control excessive import D. Increase indirect tax Correct Answer: Option A…
A. regressive tax B. progressive tax C. value added tax D. proportional tax Correct Answer: Option A - regressive tax…