A Level Economics Quiz 2015 Part 3

Saving in an economy is equal to

The value of the multiplier can fall because of

This question is based on table below
showing the T-account for a hypothetical commercial bank. The figures are in million FCFA’

What is the maximum amount of deposit this bank can make?

In choosing a commodity to serve as money, the most important characteristics must be that it is

The calculation of the weighted price index shows that between 2005 and 2007, the general price level rose by

A regressive tax can best be described as one which

The hypothetical figures of a country’s national debt are as follows:

National debt 1,400 million FCFA

External debt 560 million FCFA

Internal debt 840 million FCFA

What percentage of the national debt constitutes a real burden?

What expression is used to describe a situation where a new loan is contracted to pay off the existing one to reduce interest rate?

In year I, a country’s visible imports totaled 1,000 billion FCFA and its balance of trade was 500 billion FCFA. In year 2, itsvisible imports fell in value by 4 per cent. The balance of trade in year 2 was

Which of the following people would be pleased by a devaluation of the FCFA everything being equal?

The adverse movement in the terms of trade means that

Arbitrage is the process where

The movement from any point inside to a point on the production possibilities curve is termed

When a country increases the stock of capital per worker, increasing labour productivity, this is called

A recession as a phase of a business cycle is characterised by

When the real source of money, which may be from illegal sources, is hidden this is described as

When production is carried out on the basis of the order placed by the customers, this is known as

The systematic procedure laid down by management concerning ordering, receiving, recording, issuing and accounting for stocks is known as

The best channel of distribution of a perishable good is:

A machine which has a life span of 2 years yields an annual income of 121,000 FCFA. If it costs 200,000 FCFA to buy it and the current rate of interest is 10%, what is the net present value?