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OtisamLMS
Economics

Economics · Quick practice · answer shown after each question

National income, money, banking

Question 1 of 10

Question 1 of 10

An increase in investment of GH¢100m with MPC 0.75 raises income by

Question 2 of 10

Question 2 of 10

GDP plus net income from abroad equals

Question 3 of 10

Question 3 of 10

If the cash reserve ratio is 10% and a bank receives a deposit of GH¢1,000, the maximum credit creation by the banking system is

Question 4 of 10

Question 4 of 10

GNP equals GDP plus

Question 5 of 10

Question 5 of 10

GDP at market prices minus indirect taxes plus subsidies gives GDP at

Question 6 of 10

Question 6 of 10

Real GDP is nominal GDP adjusted for

Question 7 of 10

Question 7 of 10

If the CPI rises from 200 to 220, the inflation rate is

Question 8 of 10

Question 8 of 10

The marginal propensity to consume is 0.8. The investment multiplier is

Question 9 of 10

Question 9 of 10

Bank of Ghana raising the policy rate is intended to

Question 10 of 10

Question 10 of 10

To reduce inflation, the central bank is most likely to

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.