Economic PGT
Economic PGT Interview Questions and Answers
Q1. Which is important money or economy
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?
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
Q3. What is macro economics
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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