What does GDP stand?
A) Grand Domestic Product B) Great Domestic Product C) Gross Domestic Product D) …
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An economic model is consist of —————– variables:
A) Endogenous variables B) Stock variables C) Exogenous variables D) …
Endogenous variables are ———— variables:
A) Dependent variables B) Independent variables C) Neutral D) Constant
Stock variable is measured:
A) in time period B) in interval of time C) At point in time D) None …
Import function describes the relation between income and:
A) export B) Import C) Labor D) Tariff
What is the relation between demand for money and interest?
A) Positive B) Negative C) Neutral D) All of these
What is the relationship between supply of labor and real wages?
A) Positive B) Neutral C) Negative D) None of these
Production function describes the relationship between labor and what?
A) Investment B) Interest C) Income D) Output
According to prof. Clark investment is the function of:
A) Cost B) Price C) Income D) Interest rate
What is the relationship between saving and income?
A) Negative B) Neutral C) Positive D) None of these