AP Macro Unit 3

AP Macro Unit 3

Assessment

Flashcard

Social Studies

12th Grade

Hard

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32 questions

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1.

FLASHCARD QUESTION

Front

Remitopia's GDP falls short by $450 billion. How much can they change in Government spending to reach their goal? Their current MPC is 90%.

Back

$45 billion

2.

FLASHCARD QUESTION

Front

Remitopia's GDP falls short by $450 billion. How much can they change in taxes to reach their goal? Their current MPS is 10%.

Back

$50 billion

3.

FLASHCARD QUESTION

Front

MPS is 20%. What is the Expenditure (Spending) Multiplier?

Back

5

4.

FLASHCARD QUESTION

Front

MPS is 20%. What is the Tax Multiplier?

Back

4

5.

FLASHCARD QUESTION

Front

MPS is 20%. Government spends $1 million. How does this affect AD?

Back

Increase by $5 million

6.

FLASHCARD QUESTION

Front

MPS is 20%. Taxes are cut by $1 million. How does this affect AD?

Back

Increase by $4 million

7.

FLASHCARD QUESTION

Front

MPS is 20%. The government wants to reach a GDP goal of $100 million. What's the change in spending?

Back

$20 million

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