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URD101
ECO403 Macroeconomics-CURRENT QUIZ
Online Quiz (No.03) Announcement
Quiz will cover Video Lecture no. 01 to 22 Schedule Opening Date and Time December 14, 2011 At 12:01 AM (Mid-Night) Closing Date and Time December 15 , 2011 At 11:59 PM (Mid-Night) 24 hours extra time is not available
::::::::::::
Question # 1 of 10 ( Start time: 05:23:37 PM ) Total Marks: 1
If an economy has population of 20 million people, 10 million unemployed and 7 million employed, what is rate of employment?
Select correct option:
20/17 *100
10/7*100
7/17*100
7/37*100
Question # 2 of 10 ( Start time: 05:25:00 PM ) Total Marks: 1
The GDP deflator was 100 in the year 2007 and was 109 in year 2009. From this statement, we can conclude that:
Select correct option:
The price level increased by 9% from 2007 to 2009
The price level increased by 209% from 2007 to 2009
The price level increased by 109% from 2007 to 2009
The price level increased by 100% from 2007 to 2009
Question # 3 of 10 ( Start time: 05:26:30 PM ) Total Marks: 1
With no population growth, the steady-state level of capital per worker will increase whenever the ————– rate ————-
Select correct option:
Saving; increases.
Saving; decreases.
Tax ; increases.
Consumption; decreases.
Question # 4 of 10 ( Start time: 05:28:00 PM ) Total Marks: 1
In Solow model with technological change, if population grows at 3% & efficiency of labor grows at 7%,in steady state output per worker grows at ————–
Select correct option:
3%.
7%.
10%.
21%.
Question # 5 of 10 ( Start time: 05:29:23 PM ) Total Marks: 1
Real GDP (Gross Domestic Product) is measured:
Select correct option:
In the prices of a base year.
In current dollars.
At a constant output level but at current prices.
As the difference between the current year’s GDP and last year’s GDP.
Question # 6 of 10 ( Start time: 05:30:51 PM ) Total Marks: 1
Which of the following best describes the definition of endogenous variables?
Select correct option:
Variables which are fixed at the moment they enter the model
Variables which are determined within the model
Variables which does not change in any time
Variables from outside the model
Question # 7 of 10 ( Start time: 05:32:22 PM ) Total Marks: 1
In 1997; you bought stock of a company at Rs.10, 000 and sold it after one year at Rs.14, 000. Your ————–gain is————.
Select correct option:
Nominal capital; 40%
Nominal capital; 0.04%
Real capital; 40%
Capital; 0.4%
Question # 8 of 10 ( Start time: 05:33:50 PM ) Total Marks: 1
An asset that is included in M3 but not in M2 is:
Select correct option:
Currency.
Checkable deposits.
Small-denomination certificates of deposit.
Large-denomination certificates of deposit.
Question # 9 of 10 ( Start time: 05:34:40 PM ) Total Marks: 1
Assume the first five units of labor input generate corresponding total outputs of 300, 450, 550, 600 and 620. The marginal product of the third unit of labor is:
Select correct option:
100
150
300
450
Question # 10 of 10 ( Start time: 05:36:12 PM ) Total Marks: 1
The rate of inflation measures which of the following?
Select correct option:
The rate of increase in the overall level of prices
The rate of increase in the price of a particular good
The rate of increase in nominal GDP
The rate of change in nominal interest rates
Tags: ECO403, Macroeconomics-CURRENT, QUIZ
Replies to This Discussion
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Permalink Reply by Yasmeen(S.admin) on -
quiz 4
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4thQuiz of ECO403.pdf, 126 KB
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