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 Indian Economy Questions

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Q:

Which of the following increases labor productivity?

A) an increase in the aggregate hours of work B) decreases in the availability of computers and factory buildings
C) inventories of new machinery, equipment, or software D) a decline in the health of the population
 
Answer & Explanation Answer: C) inventories of new machinery, equipment, or software

Explanation:
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Q:

The determinants of aggregate demand

A) Consumption expenditure B) Investment expenditure
C) Government expenditure D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Aggregate demand is the total demand for final goods and services in an economy at a given time.

A.D. = C + I + G + (X-M)

where,

A.D. is Aggregate Demand

C is consumption expenditure

I is Investment expenditure

G is Government expenditure and

(X-M) are Net exports (expenditure on Exports).

 

 

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Q:

Which country was ranked the world's richest in terms of per capita GDP of countries as per latest data released by the International Monetary Fund(IMF) on November 18, 2017?

 

A) UAE B) Qatar
C) Saudi Arabia D) Kuwait
 
Answer & Explanation Answer: B) Qatar

Explanation:
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