Question 1
How is factor income different from transfer income?
Question 2
How do you calculate the investment multiplier?
Question 3
What is the money multiplier and how is it calculated?
Question 4
What methods can be used to control excess demand?
Question 5
What is the difference between final and intermediate goods?
Question 6
What is the difference between stock and flow in macroeconomics?
Question 7
What is the difference between an inflationary gap and a deflationary gap?
Question 8
What are revenue and capital expenditures in government budgeting?
Question 9
What are current and capital transfers?
Question 10
What are the primary functions of the central bank?
Question 11
What are accommodating and autonomous transactions in the BOP?
Question 12
What is the GDP deflator?
Question 13
What is the paradox of thrift?
Question 14
What are the three components of NFIA (Net Factor Income from Abroad)?
Question 15
What is the difference between real and nominal GDP?
Question 16
How are capital goods different from consumption goods?
Question 17
What is the difference between devaluation and depreciation of a currency?
Question 18
What is the difference between revenue deficit and fiscal deficit?
Question 19
What precautions should be taken in the value-added method of GDP calculation?
Question 20
What is high powered money?
Question 21
What does the circular flow diagram in macroeconomics illustrate?
Question 22
How is domestic income different from national income?
Question 23
What is the difference between direct and indirect taxes?
Question 24
What are the objectives of a government budget?