# GATE (Graduate Aptitude Test in Engineering) Economics: Questions 829 - 831 of 1256

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## Question 829

Components of Money Supply

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

The liquidity aggregates are classified as (June)

### Choices

Choice (4)Response

a.

L1, L2 and L3

b.

NM3

c.

M1, M2, M3 and M4

d.

M1, M2 and M3

## Question 830

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

As income falls, consumption declines but proportionately less than the decrease in income because the consumer desires to sustain previous standard of living. This is called? (June)

### Choices

Choice (4)Response

a.

Wealth effect

b.

Income effect

c.

Demonstration effect

d.

Ratchet effect

## Question 831

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

consider the following table that gives the monthly per capita consumption expenditure (MPCE) of eight households and answer the questions given below:

 State-A MIPCE (in ₹) of 8 Households 1 2 3 4 5 6 7 8 State-B 950 1100 1000 975 750 775 790 1400 State-C 1250 1150 1400 1100 550 600 490 1200

The value of Z (poverty line MPCE cut off) is ₹ 800.

From the table calculate the estimates of Square Poverty Gap Ratio (SPGR) and then show that the SPGR in state A is (June Paper-II)

### Choices

Choice (4)Response

a.

Higher than that in state B

b.

Lower than that in state B

c.

Significantly different from zero

d.

Same as in state B

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