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? What does Cash Reserve Ratio control.3 (2) Liquidity Inflation Both are correct Both are wrong Which of the following is the right GDP Deflator .4 ?considering the following data Nominal GDP: OMR 600 billion Real GDP: OMR 350 billion ( (2 ) 717 711 177 171 What is the main difference between GNP and .5 ?NNP 2 (2 ) GNP is before deducting depreciation NNP is after deducting depreciation Both are correct Both are wrong If the price of a good is expected to rise in the .6 future, the current demand for the good increases. .Why? Choose the most suitable option (2 (2 ) .Consumers get future credit Consumers wait for the future rise in the .price Consumers like to take price advantage .Consumers fear present rise in price Wages in the mining sector and the rate of 7 inflation are examples of ........and ..respectively 2 (2 ) Employment and Inflation Demand and supply Macro and micro economics Micro and macroeconomics The larger the population, the greater is the .8 ?demand for all goods. Why ) (2 ) Increased competition Reasonable price Increased communication Increased consumption Which of the following is not a cause of rise in .9 ?aggregate demand 2) (2 ) Level of government expenditure Consumer demand Investment by firm Country's imports ? How does a natural disaster affect supply.10 (2 (2 ) Supply will increase Demand will decrease Both are correct Both are wrong For an economy as a whole, income must .11 equal expenditure because every transaction has a buyer and a seller and every dollar of spending by .a buyer is a dollar of income for a seller For example, households sell labour to firms for OMR 10. What does the amount of OMR 10 ?represent in this context 2 (2 ) An income for households An expenditure for firms Both are correct Both are wrong What corresponding return do households 12 ?receive in exchange of land 2 (2 ) Rent Profit Commission Wages Impossible choices of production possibilities .13 become possible when the choices are............. the frontier and inefficient ones become efficient when the choices are............... the frontier .RESPECTIVELY (2) Beyond, on On or within, within Within, on On or within, on Which of the following is not an aggregate .15 ? indicator of an economy 2) (2 ) Inflation Unemployment rate National income Bank interest rate Which of the following do macroeconomic .16 ?policies influence (2) Aggregate demand Pattern of economic activity Both are correct Both are wrong A fall in the price of a good in production leads .17 to an increase in the demand of its ....goods ( (2 ) Normal Inferior Substitute Complimentary Most government policies aim either to enlarge 19 the ... ......or to change how the pie is Which of the following is ?correspondingly right 2 (2 ) Divided, economic pie Market, undivided Pie, divided Economic pie, divided

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