(A) Alfred Marshall
(B) Milton Friedman
(C) Irving Fisher
(D) None of these
Answer: (C) Irving Fisher
Category: FPSC Economics Lecturer Test Past Papers
FPSC Economics Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.
_________ is called an economic system of self-sufficiency and limited trade.
(A) Mixed economic system
(B) Command economic system
(C) Autarky
(D) None of these
Answer: (C) Autarky
Micro Economics is also known as:
(A) Expenditure Theory
(B) Price Theory
(C) Income Theory
(D) All of above
Answer: (B) Price Theory
Micro Economics is also known as price theory.
Government taxing and spending policy is called:
(A) Fiscal policy
(B) Budget
(C) Monetary policy
(D) Finance policy
Answer: (A) Fiscal policy
Government taxing and spending policy is called fiscal policy.
Formula to calculate Net national product (NNP) of a country is:
(A) GDP – depreciation
(B) GDP + depreciation
(C) NNP – depreciation
(D) GNP – Depreciation
Answer: (D) GNP – Depreciation
Net National Product (NNP) = Gross National Product (GNP) – Depreciation
- Gross National Product (GDP)
Net National Product (NNP)
Gross National Product (GNP)