sample multiple choice questions sybaf sem iii business economics iii 1 macroeconomics is the study of a individual households b total income earned by an economy c average income earned ...
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...Sample multiple choice questions sybaf sem iii business economics macroeconomics is the study of a individual households b total income earned by an economy c average d totals and which following not part gnp calculations private consumption exports goods services depreciation from abroad injection into circular flow national government expenditure salaries paid to civil servants taxation purchase domestically produced foreign company one personal tax purchases factor imports out included in estimation old age pension scholarship unemployment fund subsidized lunch at office unilateral transfers are unrequited way include gifts salary payments deficit india s balance trade recent times due rise price crude oil increase reduction when exceeds revenue it called surplus budget balanced equal provides subsidies various sectors effects increases inflation fiscal decreases export competitiveness responsibility management act frbm aimed for eliminating both giving flexibility rbi correcting in...