Income Determination Test

Result

Income Determination Test - 5

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Weekly Quiz Competition

Question 1
1 / -0

Level of planned output coincides with planned expenditure when:

A
AD = AS

B
AD > AS

C
AD < AS

D
all of these
Question 2
1 / -0

Perfectly elastic AS implies that:

A
there is fuller utilisation of resources in the economy

B
there is unemployment of resources in the economy

C
there is excess capacity in the economy

D
both (b) and (c)
Question 3
1 / -0

At the point of equilibrium:

A
AD-line crosses the line of reference

B
AD-line is above the line of reference

C
AD-line is below the line of reference

D
none of these
Question 4
1 / -0

AD function is indicated by:

A
the line C + I

B
the line C + S

C
the line Y

D
none of these
Question 5
1 / -0

In a situation of S < I:

A
fall in expenditure through ‘S’ < rise in expenditure through ‘I’

B
fall in expenditure through ‘S’ > rise in expenditure through ‘I’

C
AD > AS

D
both (a) and (c)
Question 6
1 / -0

When the planned flow of goods and services in the economy is less than their planned demand:

A
AS = AD

B
AS > AD

C
AS < AD

D
none of these
Question 7
1 / -0

Owing to injections, AD function shifts:

A
downwards

B
upwards

C
rightwards

D
all of these
Question 8
1 / -0

At the equilibrium point when: C = 100 + 0.5Y and I = 200, saving will be:

A
100

B
200

C
400

D
none of these
Question 9
1 / -0

When C = 200 + 0.7Y and I = 5,500, equilibrium level of income is:

A
4,050

B
5,500

C
19,000

D
none of these

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Re-Attempt Weekly Quiz Competition

Income Determination Test - 5

Result

Income Determination Test - 5

Score

-

Rank

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SHARING IS CARING

Question 1

AD = AS

AD > AS

AD < AS

all of these

Question 2

there is fuller utilisation of resources in the economy

there is unemployment of resources in the economy

there is excess capacity in the economy

both (b) and (c)

Question 3

AD-line crosses the line of reference

AD-line is above the line of reference

AD-line is below the line of reference

none of these

Question 4

the line C + I

the line C + S

the line Y

none of these

Question 5

fall in expenditure through ‘S’ < rise in expenditure through ‘I’

fall in expenditure through ‘S’ > rise in expenditure through ‘I’

AD > AS

both (a) and (c)

Question 6

AS = AD

AS > AD

AS < AD

none of these

Question 7

downwards

upwards

rightwards

all of these

Question 8

100

200

400

none of these

Question 9

4,050

5,500

19,000

none of these

User

Question Analysis

My Perfomance

Score

-

Rank

-

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