# GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1205 - 1208 of 1256

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## Question 1205

Environment as a Public Good

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

“Under some conditions, it makes no difference to efficiency whether the polluter has a right to pollute or the victim has a right to clean air.” This statement is related to the work of: (June)

### Choices

Choice (4)Response

a.

G Hardin

b.

N Kaldor

c.

R Coase

d.

Julian Simon

## Question 1206

Appeared in Year: 2016 (UGC NET)

### Question

MCQ▾

The highest share in power generation in India is of

### Choices

Choice (4)Response

a.

Hydro power

b.

Atomic power

c.

Thermal power

d.

Wind power

## Question 1207

Appeared in Year: 2016 (UGC NET)

### Question

MCQ▾

Fiscal deficit means

### Choices

Choice (4)Response

a.

The excess of total expenditure (only revenue) over the sum of revenue receipts including borrowing

b.

The excess of total expenditure (capital and revenue) over the sum of revenue and capital receipts excluding borrowing

c.

The excess of total expenditure (capital and revenue) over the sum of revenue and capital receipts including borrowing

d.

The excess of total expenditure (only revenue) over the sum revenue receipts excluding borrowing

### Passage

Direction: Read the passage given below and answer the questions that follow it:

Suppose that for a particular economy for sonic time period, investment was equal to 100, government expenditure was equal to 75, net taxes were fixed at 100 and consumption (C) was given by the consumption function:

C = 25 + 0.8 YD

where YD is disposable income and Y is GDP.

## Question 1208 (2 of 3 Based on Passage)

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

What is the level of equilibrium income (Y) ? (June)

### Choices

Choice (4)Response

a.

600

b.

850

c.

800

d.

700

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