Unit 2 Economics

Unit 2 Economics

12th Grade

10 Qs

quiz-placeholder

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Unit 2 Economics

Unit 2 Economics

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Austin Simms

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method is adopted in measuring National Income?

Income Method

Production Method

Expenditure Method

All of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is another term for the Net National Product at factor cost?

Gross National Product

National Income

Net Domestic Product

Personal Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true for Inflation? EC810

The value of money decreases during Inflation

The value of money stays the same during Inflation

None of the above

The value of money increases during Inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macro-economics is the study of: EC84

Principle or Theories of national income

None of these.

Production theory

Consumer’s theory

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase in the stock of the capital is also called EC86

Capital formation

Capital loss

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the employment theory related to?

Microeconomics

None of the above

Static economics

Macroeconomics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following term is opposite to Inflation?

Hyperinflation

Stagflation

Desolation

Deflation

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