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In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The follow...
In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
Which of the following is a property of a normal distribution?
Which probability distribution is appropriate for modeling the number of occurrences of an event in a fixed interval of time or space?
Which of the below probability distribution has same mean and variance?
If a random variable X follows a uniform distribution between 0 and 1, what is the expected value of X?
Given the following data for an economy: National Income: $700 billion Depreciation: $50 billion Indirect taxes minus subsidies: $30 billion Net fact...
Given the following data for a country: Fiscal deficit: $50 billion Interest payments: $15 billion Capital expenditure: $25 billion What is the prima...
Which of the following best explains why the J-curve effect occurs?
If Y is preferred over X lexicographically. If income is 100 and price of x=1 and price of y is10, then at optimal bundle the total amount of X is
The economic development in Schumpeter’s development theory is because of
Percentage of values that lie within a band around the mean in a normal distribution with a width of two standard deviations is approximately
What is the correlation coefficient of the straight line ax+by+c=0 wherein a>0 and b <0
Gauss-Markov Theorem is associated with which of the following
What is sum product of the error an independent variable in OLS estimation
Which one of the following is not an assumption of Classical Linear Regression Model
Which of the following is not a test related to Heteroscedasticity?
The difference in GNP and NNP is because of
The Fisher Effect assumes that the
Consider the following Utility function U(x,y) = 4x2 + 9y2 +12xy. Here the preferences are
What is the elasticity of the demand curve when P=10 and Q=20 and the inverse of slope of the demand curve is -2?
In which of the following market structure Quantity is maximum?
A consumer demand curve can be obtained from
We quite often use the term economies of scale. What does this mean?
For the following demand curve, Q=10P-2 , calculate the profit made by the monopolist when Marginal cost is Rs.2
Among the following production functions which one is having increasing returns to scale
When an individual’s consumption decreases the wellbeing of others, but the individual does not compensate those others. It is the case of__________.
What is the value of the balanced budget multiplier?
In case of full Crowding out effect what is the shape of the LM curve
In an economy, ceteris paribus, the value of imports decreased by Rs.100, what is the change in the value of output
The relationship between the unemployment rate and the gross national product is depicted by
The inverse demand function for a commodity is P = 50-2Q-Q2 . Calculate the consumer surplus when quantity demanded is 5 unts.
When a straight-line demand curve is tangent to curvilinear demand curve then the elasticity of the curves at point of tangency is
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the max...
Consider the following demand curve Q=100-P in a Duopoly where in A firm is the leader and the B firm is the follower. The Marginal cost given as 20...
A monopoly firm has the following demand and cost function Q = 50-P Total Cost = 20 + 2Q + 3Q2 Government imposes an excise tax @Rs.5 per unit. What is the...
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same tim...
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