Which of the following is a stock variable? MCQ with Answer and Explanation

Question

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Which of the following is a stock variable?

A. Government expenditure

B. Capital stock

C. Investment expenditure

D. National income

Answer: Option B

Solution (By JKSSB Mock Tests)

Capital stock is measured at a point of time and is therefore a stock variable.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Doughnut Economics' framework proposed by Kate Raworth?

A. A model focused only on maximising GDP growth

B. A model concerned only with financial stability

C. A model that ignores environmental boundaries

D. An economic model that aims to meet human needs within the ecological limits of the planet

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Correct Answer: Option D

Explanation:
Doughnut economics visualises a safe and just operating space for humanity lying between a social foundation of human well-being and an ecological ceiling of planetary boundaries.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'circular flow of income' in a three-sector economy includes:

A. firms and government only

B. government and foreign sector only

C. households, firms and government

D. households, firms and foreign sector

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Correct Answer: Option C

Explanation:
A three-sector economy includes households, firms and government.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'natural rate of unemployment' in monetarist economics is:

A. zero unemployment

B. only cyclical unemployment

C. the maximum unemployment

D. the unemployment rate consistent with stable inflation

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Correct Answer: Option D

Explanation:
The natural rate of unemployment is the rate consistent with stable inflation, including frictional and structural unemployment.

This question belongs to: Economy GK Economy Set 1

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