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ECONOMICS QUIZ

Authored by Shiba Haider

Social Studies

11th - 12th Grade

Used 80+ times

ECONOMICS QUIZ
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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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