Indian Economy Questions

• Microeconomics is the study of
• Microeconomics is concerned with
• The multiplier effect means that
• Unemployment would cause an economy to
• A negative supply shock in the short run causes
• Value added can be determined by
• Which tax uses the same rate for all income levels?
• In national income accounting, government purchases include
• The largest expenditure component of GDP is
• Which taxes are included in GST?
• A large underground economy results in an
• Macroeconomics is the study of
• The most important determinant of consumer spending is
• The federal government debt is equal to the
• Mutual Funds are regulated in India by
• Assessing opportunity cost involves
• The scarcity definition of economics is credited to
• What happens to demand when price increases?
• A perfectly inelastic demand curve
• Deficit financing implies