CUET UG Economics — Macro previous year questions with solutions.
________ is the ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure of the economy.
The equilibrium level of output may be more or less than the full employment level of output. If it is less than the full employment of output, it is due to the fact that demand is not enough to employ all factors of production. This situation is called ......
In macroeconomic theory, which is not justification for taking the price level as fixed.
Which statements are true in terms of basic national income aggregates: (A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year. (B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year. (C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country. (D) GDP at factor cost is gross domestic product at market prices, less net product taxes. Choose the correct answer from the options given below:
To obtain an estimate of borrowing on account of current expenditures exceeding revenues, we need to calculate what has been called the primary deficit. Gross primary deficit...
Arrange the following statements about the effect of an increase in taxes on total income and output. (A) An increase in taxes decreases disposable income. (B) Aggregate demand schedule shifts downwards. (C) Aggregate expenditure changes by a fraction of tax deduction. (D) Equilibrium output decreases.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Final goods market | (I) A + cY | | (B) Consumers demand | (II) ΔY/ΔA | | (C) Investment multiplier | (III) Ĉ + cY | | (D) Linear equation | (IV) a + bX | Choose the correct answer from the options given below:
The equilibrium level of income depends on aggregate demand. Thus, if aggregate demand changes, the equilibrium level of income changes. This can happen in anyone or combination of the following situations: (A) Change in autonomous consumption. (B) Change in marginal propensity to consume. (C) Income. (D) Change in autonomous investment. Choose the correct answer from the options given below:
______ level of income is that level of income where all the factors of production are fully employed in the production process.
Which are the following statements are true: (A) Open Market Operations refers to buying and selling of bonds issued by the Government in the open market. (B) Currency notes and coins are called fiat money. (C) M2 and M4 are known as broad money. (D) M1 and M2 are known as narrow money. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) GVA at Market Prices | (I) GVA at basic prices - Net Production Taxes | | (B) GVA at basic prices | (II) NNPMP - Net Product Taxes - Net Production Taxes | | (C) GVA at factor cost | (III) GDP at market prices | | (D) National Income (NI) | (IV) GVAMP - Net Product Taxes | Choose the correct answer from the options given below:
The value that marginal rate of propensity can take in consumption function.
The government imposes taxes that do not depend on income is called.
Central Bank is a very important institution in a modern economy. Almost every country has one central bank. India got its central bank in ......
Match List-I with List-II | List-I | List-II | |---|---| | (A) Cash Reserve Ratio | (I) Reserves + Loans | | (B) Net Worth | (II) Deposits | | (C) Assets | (III) Percentage of deposits which a bank must keep as cash reserves with the central bank | | (D) Liabilities | (IV) Assets – Liabilities | Choose the correct answer from the options given below:
An annual allowance for wear and tear of capital goods is defined as?
Arrange the following statements when autonomous investment increases.. (A) The autonomous expenditure increases. (B) Aggregate demand and output have a multiplier effect. (C) Income and output increases. (D) The aggregate demand curve shifts parallel upward. Choose the correct answer from the options given below:
Consumers will not voluntarily pay for what they can get for free and for which there is no exclusive title to the property being enjoyed. These non-paying users are known as....?
Which among the following is not a direct participant in the foreign exchange market?
...... in which national currencies are traded for one another.
...... links the currencies of different countries and enables comparison of international costs and prices.
If a British resident wants to visit India on a vacation he will have to pay in ......
If we have to pay Rs 150 for 3 pounds, then the exchange rate is Rs........... per pound.
According to ___________, if the marginal propensity to save in the economy increases, the total value of saving in the economy will not increase.