Economic PGT

Economic PGT Interview Questions and Answers

Updated 6 May 2024

Q1. Which is important money or economy

Ans.

Both money and economy are important, but the economy encompasses a broader range of factors beyond just money.

  • Money is a medium of exchange used in economic transactions.

  • Economy refers to the overall health and performance of a country's financial system, including factors like GDP, employment rates, inflation, and trade.

  • While money is a crucial component of the economy, a strong economy involves more than just the circulation of money.

  • For example, a country can have a lot o...read more

Q2. What is Microeconomics?

Ans.

Microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.

  • Focuses on individual economic units like households and businesses

  • Examines how prices and quantities are determined in specific markets

  • Analyzes factors influencing consumer choices and producer decisions

  • Studies the impact of government policies on individual markets

  • Examples include supply and demand, price elasticity, a...read more

Economic PGT Interview Questions and Answers for Freshers

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Q3. What is macro economics

Ans.

Macroeconomics is the branch of economics that studies the behavior of the economy as a whole, including topics such as inflation, unemployment, and economic growth.

  • Focuses on aggregate measures such as GDP, inflation rate, and unemployment rate

  • Examines how government policies impact the economy

  • Studies the overall performance and structure of the economy

  • Analyzes factors affecting economic growth and stability

  • Examples include fiscal policy, monetary policy, and international t...read more

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