Elasticity of demand measures the
A. | Sensitivity of sales to changes in a particular causal factor |
B. | Sensitivity of production to changes in a particular cost |
C. | Value of price and cost |
D. | Volume of product |
Option: A Explanation : Click on Discuss to view users comments. |
Which is the method of measuring GNP?
A. | Expenditure method |
B. | Income method |
C. | Product method |
D. | All of these |
Option: D Explanation : Click on Discuss to view users comments. |
NNP at Market Price will be :
A. | GNP + Cost of capital |
B. | GNP at market prices - Depreciation |
C. | GNP + Cash |
D. | GNP + dividend |
Option: B Explanation : Click on Discuss to view users comments. |
54. Match the following :
List-I (Principles) List-II (Subject matter)
(a) Kaldor's Theory 1. Distribution
(b) Say's Law 2. Employment
(c) Domar model 2. Growth
(d) Neo-classical Analysis 4. Golden Rule of Accumulation
5. Dividend law
A. | (A) (B) (C) (D) 1 2 3 4 |
B. | (A) (B) (C) (D) 4 3 2 1 |
C. | (A) (B) (C) (D) 3 1 2 4 |
D. | (A) (B) (C) (D) 3 4 2 1 |
Option: A Explanation : Click on Discuss to view users comments. |
Which of the following statement is correct?
A. | Inflation : An increase in the overall level of prices in the economy |
B. | Productivity : The amount of goods and services produced from each hour of a worker's time |
C. | Phillips curve : A curve that shows the short run trade off between inflation and unemployment |
D. | All of the above |
Option: D Explanation : Click on Discuss to view users comments. |