AP (Advanced Placement) Macroeconomics: Questions 162 - 164 of 750

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Question 162

Appeared in Year: 2013 (NET)

Question

MCQ▾

According to Mrs. Robinson, the stage of ‘Golden Age’ = ________. (September)

Choices

Choice (5)Response

a.

Capital growth rate < Labor growth rate

b.

Capital growth rate > Labor growth rate

c.

Capital growth rate = Labor growth rate

d.

Capital growth rate > 1

e.

Question does not provide sufficient data or is vague

Question 163

Appeared in Year: 2013 (NET)

Question

MCQ▾

What is the formula for tax devolution used by the Thirteenth Finance Commission of India? Formula-Population (%) (1971) -Area (%) -Fiscal capacity distance (%) -Fiscal Discipline (September)

Choices

Choice (5)Response

a.

17.5 - 10.0 - 25.0 - 47.5

b.

10.0 - 25.0 - 47.5 - 17.5

c.

25.0 - 10.0 - 47.5 - 17.5

d.

25.0 - 17.5 - 10.0 - 47.5

e.

None of the above

Question 164

Appeared in Year: 2013 (NET)

Question

MCQ▾

For a small economy in a flexible exchange rate system that begins in the long-run equilibrium point, a higher rate of inflation in the short-run will be followed by (September)

Choices

Choice (5)Response

a.

Contractionary monetary policy and real exchange rate appreciation.

b.

An increase in the exchange rate and decline in net exports.

c.

Decrease in the exchange rate and an increase in net exports.

d.

Explanatory monetary policy and real exchange rate depreciation

e.

None of the above

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