National Income MCQs – CSEET Economics

CSEETMCQS NATIONAL INCOME ————-is a index of price changes of goods and services included in GDPa. GDP inflatorb. GDP deflatorc. GDP acceleratord. GDP decelaratorAns A .—————means the actual income, which can be spend on consumption by individuals and familiesa) Personal disposable incomeb) Per capita incomec) Net national incomed) Gross national incomeAns A Which of the…

Market Structures – CSEET Economics MCQ

1.         Which of the following statements is true for both monopolistically competitive and oligopolistic industries? A)        It is impossible for new firms to enter the industries. B)        Collusion and the creation of cartels is common. C)        Producers cannot benefit from knowing other firms’ plans. D)        Firms have some degree of control over prices. 2.         Which…