AP (Advanced Placement) Macroeconomics: Questions 627 - 630 of 750

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Question 627

Question

MCQ▾

If a country produced only two things suppose wheat & wheat flour. Wheat of worth $ 4000 and wheat flour of $ 6000. What will be the value of the national product if the cost of the sale is already added in it?

Choices

Choice (5)Response

a.

$ 10000

b.

$ 2000

c.

$ 4000

d.

$ 6000

e.

$ 3000

Question 628

Appeared in Year: 2020 (NET)

Question

MCQ▾

The concept of Goods and Service Tax (GST) is originated in (September Evening Shift)

Choices

Choice (5)Response

a.

USA

b.

Britain

c.

Canada

d.

Germany

e.

All of the above

Question 629

Appeared in Year: 2020 (NET)

Question

MCQ▾

Arrange the following growth economists in chronological order of when they proposed their theories

A. Harrod

B. Schumpeter

C. Rostow

D. Solow

Choose the correct answer from the options given below:

(September Evening Shift)

Choices

Choice (5)Response

a.

C, D, B, A

b.

B, A, C, D

c.

D, B, A, C

d.

A, C, D, B

e.

Question does not provide sufficient data or is vague

Question 630

Appeared in Year: 2020 (NET)

Question

MCQ▾

Cross elasticity of demand of metro rides is 0.8 and total ridership per day is 1.5 Lakh. If price of bus rides rises by 5 % , the change in total metro rides will be (September Evening Shift)

Choices

Choice (5)Response

a.

7500

b.

6000

c.

5000

d.

4000

e.

Question does not provide sufficient data or is vague

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