ECONOMICS QUIZ
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Shiba Haider
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It refers to the market value if goods and services produced within domestic territory of the country during an accounting year estimated at base year prices is called
Nominal Gdp
GDP at current year price
Real GDP
None of rhese
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
when the market value of goods and services produced within domestic territory of the country during an accounting year estimated at current year prices than it is called
Real GDP
GDP deflator
Nominal GDP
None of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formula of nominal GDP IS:-
Q x P*
Q x P
Q / P*
None of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formula of gdp at constant price is:-
P/ P*
Q x P
Q xP *
None of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the value of gdp increases due to increase in current year prices than it is called
NOMINAL GDP
REAL GDP
MONEY ILLUSION
None of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the indicator of growth ?
GDP deflator
Real gdp
Nominal gdp
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following has the drawback of money illusion?
GDP DEFLATOR
REAL GDP
NOMINAL GDP
None of these
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