341. As per IMF sources, Pakistan’s GDP would be _ in 2022:
(A) 2%
(B) 3%
C) 4%
(D) 5%
342. “Dear money” is used for:
(A) Low rate of interest
B) High rate of interest
(C) Value of money
(D) Shortage of money
343. The highest economic decision-making authority in Pakistan is:
(A) NEC
(B) ECNEC
C) ECC
(D) CDWP
344. Government spending is fully funded by tax revenue, this type of fiscal policy is called:
(A) Expansionary
(B) Contractionary
C) Neutral
(D) None of the above
345. The money illusion occurs when excess demand for goods, services, assets, and input is determined by:
(A) Money variable
(B) Real variable
C) Nominal Variable
(D) Normal variable
346. Fisher’s version of the quantity theory of money falls empirically because its assumptions are:
(A) Realistic
B) Unrealistic
(C) Organized
(D) Unorganized
347. It is often recognized that income measured by statisticians may be:
(A) Effective index of wealth
B) Defective index of wealth
(C) External index of wealth
(D) None of these
348. The quantity of money in an economy and supply of money are:
A) Synonyms
(B) Antonyms
(C) Homonyms
D) None of these
349. The price-taker firm is one which:
A) Can influence market price
B) Cannot influence market price
(C) Can form price
(D) None of these
350. The following is the distinction between economic profit and accounting profit:
A) Implicit costs
(B) Fixed costs
C) Explicit costs
D) Variable costs
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