GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1000 - 1003 of 1256

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Question 1000

Tax Reforms-Goods and Services Tax

Question

MCQ▾

The distribution if the burden of paying a tax is called

Choices

Choice (4)Response

a.

Sharing of tax burden

b.

Tax capitalization

c.

Sharing of the tax

d.

Incidence of a tax

Question 1001

Question

MCQ▾

A shift from import Tarrifs to free trade may induce short term unemployment in

Choices

Choice (4)Response

a.

Industries that are only exporters

b.

Industries that sell domestically as well as export

c.

Industries that neither import nor export

d.

Import competing industries

Question 1002

Question

MCQ▾

The negative relationship between the gap between actual GDP and it՚s trend value and the difference between actual unemployment rate and it՚s equilibrium value is called

Choices

Choice (4)Response

a.

The natural rate of unemployment hypothesis

b.

The aggregate supply curve

c.

Okun՚s law

d.

The Philips curve

Question 1003

Tax & Non-Tax Revenue

Question

MCQ▾

Which one of the following is not a correct interpretation of the Golden rule of accumulation?

it՚s that capital per person at which

Choices

Choice (4)Response

a.

Elasticity of output with respect to capital is equal to saving ratio.

b.

Marginal productivity of capital is equal to saving ratio

c.

Marginal productivity of capital is equal to the rate of growth of population

d.

Saving per person and investment per person are maximum

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