Value of total Goods and Services produced in a country is its
Gross Domestic Product
Gross Revenue Income
Total Goods Revenue
Total Income
Who coined the term 'Ecology'?
Ernst Haeckel
G. Evelyn Hutchinson
Hugo de Vries
Robert Brown
If demand curve for camping tents is D = 100000-17P and the supply curve is S = 50000 + 8P, find the equilibrium price?
1000
2000
4000
500
When income increases, consumption also increases
in the same proportion
in a lower proportion
in a higher proportion
in a higher proportion
A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%. it must lower its price by
3.50%
15%
2.50%
2.40%
Lowering of value of currency relative to a foreign reference currency is called ........
Devaluation
Revaluation
Down valuation
Negative valuation
The goods which people consume more, when their price rises, are called.........
Essential goods
Capital goods
Veblen goods
Giffen goods
When will demand become a grant?
When a demand is proposed
After the discussion on demand is over
After the demand is granted
After the demand is granted
When will demand become a grant?
When a demand is proposed
After the discussion on demand is over
After the demand is granted
After the demand is granted
In 2015 the nominal rate of interest in country was 6% and the inflation rate then was 1.5%. So real rate of interest in 2015 was
7.50%
4.50%
4%
0.25%
