UK GDP would exclude which of the following ?
Real GDP is measured in _ prices while nominal GDP is measured in _________ prices?
If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?
Gross Domestic Product is the sum of the market value of the ?
Gross Domestic Product can be measured as the sum of ?
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
A higher GDP per capita may not means that the quality of life has really improved because ?
To adjust from Gross National Product to Net National Product ?
In a boom ?
The standard of living is often measured by ?
Net National Product equals ?
If your grandparents buy a newly built retirement home, this transaction would affect ?
How is your purchase in Pakistan of a Rs40,000 BMW automobile that was produced entirely in Germany recorded in the Pakistan’s GDP accounts ?
If Pakistan’s GDP exceeds Pakistan’s GNP, then ?
GDP would include which of the following ?
If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?
Which of the following would be excluded from UK GDP fro 2005? The sale of ?
An example of a transfer payment is ?
In a recession a government ?
To adjust GDP from market prices to factor cost ?
GDP plus net property income from abroad equals what ?
In a recession ?
Gross National Product equals ?
The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?
The green house effect is the phenomenon by which ?
Many environmental resources are public goods, which are characterized by ?
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?
The government levying taxes on polluters or charging a surcharge for pesticide use are ?
Air pollution from automobile exhausts, and water pollution steel plants are examples of ?
Land and natural resources are considered ?
The Genuine Progress indicator is ?
The Montreal Protocal, signed in 1987 and strengthened in 1990 ?
Biodiversity ?
Deforestation ?
Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?
The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?
Negative externality is also known as ?
Which of the following is an example of tragedy of commons ?
The Organization of Petroleum Exporting Countries (OPEC) is a(n) _________whose members agree to limit output and fix prices?
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?

Irreversibility refers to ?

A. natural resource that cannot be reproduced in the future if we fail to preserve them now
B. obtaining intellectual property rights for products
C. natural extinction of various species in DCs
D. industrialization replacing agriculture in LDCs

Correct Answer: natural resource that cannot be reproduced in the future if we fail to preserve them now ✔

Last Updated: June 18, 2019