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Free CIMA CIMAPRA17-BA1-1 Questions

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  Total 468 Questions
Question No 1

A country's gross national product (GNP) will be higher than gross domestic product (GDP) if:

Choose the Choices:

indirect taxes are greater than government subsidies

there is a net inflow of factor payments on the balance of payments

the country's imports are greater than its exports

government tax income is greater than government expenditure

B
Question No 2

On an aggregate demand and aggregate supply diagram, cost - push inflation is shown by

Choose the Choices:

A leftward shift of the short - run aggregate supply curve

A rightward shift of the aggregate demand curve

A rightward shift of the long - run aggregate supply curve

A leftward shift of the aggregate demand curve

A
Question No 3

Which of the following best defines “aggregate supply”?

Choose the Choices:

The stock of output available for sale in an economy

The full employment level of output of the economy

The flow of goods and services produced by an economy during the year

The level of prices at which output can be sold in an economy

C
Question No 4

All of the following would lead to fall in the circular flow of national income except which one ?

Choose the Choices:

A fall in business investment

A fall in personal savings rates

A reduction in the level of government expenditure

A rise in the marginal propensity to save

D
Question No 5

The level of national income in the circular flow will remain constant if

Choose the Choices:

injections are greater than withdrawals

injections are equal to withdrawals

injections are equal to savings

injections plus withdrawals are equal to savings plus investment

B
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