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CA Foundation : Economics : Chapter 6 - Unit 2 : Quiz 1

Ch-6 Determination of National Income  Unit 2: Keynesian Theory of Determination of National Income What is the primary focus of Keynesian economics? a) Long-term growth b) Short-term equilibrium c) Trade balances d) Interest rates Which concept relates consumption directly to disposable income? a) Aggregate Demand b) Saving Function c) Consumption Function d) Investment Multiplier The multiplier effect primarily demonstrates the impact of changes in: a) Government spending b) Investment c) Taxation d) Interest rates In a two-sector economy, Aggregate Demand (AD) is equal to: a) C + S b) C + I c) I + S d) Y - C What is the formula for Marginal Propensity to Consume (MPC)? a) ΔY/ΔC  b) ΔC/ΔY c) Y/C  d) C/Y  The saving function is defined as: a) S = C + I b) S = Y - C c) S = I + G d) S = C + G The circular flow model in a two-sector economy involves: a) Households and Government b) Households and Firms c) Firms and Government d) Households and Foreign Sector What does ...
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CA Foundation : Economics : Chapter 6 - Unit 1 : Quiz 1

Ch-6 Determination of National Income Unit 1: National Income Accounting 1. Which of the following is NOT a component of Gross Domestic Product (GDP)? A) Consumption B) Transfer payments C) Investment D) Government spending 2. Net National Product (NNP) is calculated by: A) Subtracting depreciation from GDP B) Adding depreciation to GDP C) Subtracting depreciation from GNP D) Adding net exports to GNP 3. The value of output produced by a country's factors of production, regardless of location, is known as: A) GDP B) GNP C) NDP D) NNP  4. Which of the following best represents Real GDP? A) GDP adjusted for net exports B) GDP adjusted for inflation C) GDP minus depreciation D) GDP plus government spending 5. The sum of all incomes earned by factors of production in a country, excluding indirect taxes and including subsidies, is known as: A) GDP at market price B) GNP at market price C) GDP at factor cost D) NDP at factor cost 6. Which of the following is included in the calculation o...
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Founder's Message

  Dear students, As the year 2021 is going to be end in some days, we have been getting excited for the new upcoming year (2022).. in these year we faced lots of problems like Corona as well as hurdles also (CA exams), But finally these year going to be end. We are hoping that next year will comes with lots of happiness joys and sorrows opportunities and also lots of challenges also because "the thing that challenge us was the thing that would change us" That's why we have to face challenges. let's welcome the new upcoming year with a positive mindset with lots of hopes expectations and also with lots of wishes. Stay safe stay happy stay blessed and also stay focus on studies. In the 21st century, technology is becoming an essential to our everyday life. Even kids these days as young as three to four years old knows how to use an IPad or an IPhone. So society has made use of the technology we have today for learning. It has moved on from the traditional classroom and ...
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