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2021 BA1 Dumps - BA1 Questions Answers - PassExam4Sure.com

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2021 BA1 Dumps - BA1 Questions Answers - PassExam4Sure.com

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  1. CIMA BAI Fundamentals of Business Economics

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  5. Question: 1 A country's gross national product (GNP) will be higher than gross domestic product (GDP) if: A. indirect taxes are greater than government subsidiesB. there is a net inflow of factor payments on the balance of paymentsC. the country's imports are greater than its exportsD. government tax income is greater than government expenditure ANSWER : B https://www.passexam4sure.com/cima/ba1-dumps.html

  6. Question: 2 On an aggregate demand and aggregate supply diagram, cost-push inflation is shown by A leftward shift of the short-run aggregate supply curve B. A rightward shift of the aggregate demand curve C. A rightward shift of the long-run aggregate supply curve D. A leftward shift of the aggregate demand curve ANSWER : A https://www.passexam4sure.com/cima/ba1-dumps.html

  7. Question: 3 Which of the following best defines “aggregate supply”? A. The stock of output available for sale in an economyB. The full employment level of output of the economyC. The flow of goods and services produced by an economy during the yearD. The level of prices at which output can be sold in an economy ANSWER : C https://www.passexam4sure.com/cima/ba1-dumps.html

  8. Question: 4 All of the following would lead to fall in the circular flow of national income except which one ? A. A fall in business investmentB. A fall in personal savings ratesC. A reduction in the level of government expenditureD. A rise in the marginal propensity to save ANSWER : D https://www.passexam4sure.com/cima/ba1-dumps.html

  9. Question: 5 The level of national income in the circular flow will remain constant if A. injections are greater than withdrawalsB. injections are equal to withdrawalsC. injections are equal to savingsD. injections plus withdrawals are equal to savings plus investment ANSWER : B https://www.passexam4sure.com/cima/ba1-dumps.html

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