Ex Ante and Ex Post

Q.

Statement A: GDP was expected to be 100 crores in a year.

Statement B: The actual GDP turns out to be 60 crores only.

Identify the right option.

1. Statement A: Ex Ante

   Statement B: Ex Post

2. Statement A: Ex Post

   Statement B: Ex Ante

3. Statement A: Ex Post

   Statement B: Ex Post

4. Statement A: Ex Ante

   Statement B: Ex Ante

Q. "GDP was expected to be 100 crores in the year 2015-2016". This statement is a/an statement.

1. ex ante
2. ex post
3. ceterus paribus
4. ante

Q. The actual value of the variables like consumption and investment is known as ex post measures.

1. True
2. False

Q. The statement "The actual GDP in 2015-2016 turned out to be 60 crores only" is an ex post statement.

1. True
2. False

Q. The term ceteris paribus means 'with the view that'.

1. False
2. True

Q.

In an economy income increases by 10, 000 as a result of a rise in investment expenditure by 1, 000. Calculate

(i) Investment multiplier.

(ii) Marginal propensity to consume.

Q. Match the height of the students with the minimum height of the mirror required to see themselves completely. (consider left column is height of the students)

1. 0.7 m
2. 0.9 m
3. 1 m
4. 0.8 m