# GATE (Graduate Aptitude Test in Engineering) Economics: Questions 506 - 508 of 1256

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## Question 506

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

Assuming an agricultural growth rate of per annum in India, what will be its contribution to the country՚s GDP growth rate with a contribution of the agricultural sector to GDP? (November Paper-III)

### Choices

Choice (4)Response

a.

b.

c.

d.

## Question 507

General Equilibrium Analysis

Appeared in Year: 2017 (UGC NET)

### Question

Match List-Ⅰ List-Ⅱ▾

Match List - I and List - II and select the correct answer from the code given below: (November Paper-III)

List-Ⅰ (Curve)List-Ⅱ (Relationship)
(A)

Engel curve

(i)

Tax Revenue - Tax rate

(B)

Laffer curve

(ii)

Income - consumption

(C)

Kuznets curve

(iii)

Environment - Per capita Income

(D)

Rahn curve

(iv)

Govt. Expenditure - per capita Income

### Choices

Choice (4)Response
• (A)
• (B)
• (C)
• (D)

a.

• (ii)
• (i)
• (iii)
• (iv)

b.

• (i)
• (ii)
• (iv)
• (iii)

c.

• (iv)
• (i)
• (ii)
• (iii)

d.

• (i)
• (iii)
• (iv)
• (ii)

## Question 508

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

Which of the following statements is/are true for the current account of a country?

1. It shows the net income generated in the foreign trade sector
2. It relates to claims and liabilities of financial nature

Choose the correct answer from the code given below: (November Paper II)

### Choices

Choice (4)Response

a.

Neither (1) nor (2) is true

b.

Only (2) is true

c.

(1) and (2) are true

d.

Only (1) is true

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