Questions (120)
Q1CDS2021
Which one of the following statements is not correct?
- A Real GDP is calculated by valuing outputs of different years at common prices.
- B Potential GDP is the real GDP that the economy would produce if its resources were fully employed.
- C Nominal GDP is calculated by valuing outputs of different years at constant prices. ✓
- D Real GDP per capita is the ratio of real GDP divided by population.
✓ Correct answer: (C)
Economy › Macroeconomics
Q2CDS2021
The mismatch in the regional or occupational pattern of job vacancies and the pattern of worker availability results in
- A Structural unemployment ✓
- B Disguised unemployment
- C Altered unemployment
- D Cyclical unemployment
✓ Correct answer: (A)
Economy › Poverty/Employment/Inclusion
Q3CDS2021
The situation in an economy which is growing slowly along with rapid inflation (rising price level) is called
- A Stagnation
- B Deflation
- C Stagflation ✓
- D Recession
✓ Correct answer: (C)
Economy › Macroeconomics
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