Macroeconomics Vocabulary
Other Sciences
11th - 12th Grade
Used 14+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Something that makes people want to produce more goods and services
Incentives
Macroeconomics
Inflation
GDP
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The study of the economy as a whole and how major sectors of the economy interact.
Incentives
Inflation
Unemployed
Macroeconomics
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A rise in the overall price level
GDP
Market Basket
Aggregate Supply
Inflation
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Total market value of all final goods and services produced in the economy during a given year
Unemployed
Price Level
Nominal GDP
GDP
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The total value of all final goods and services produced in the economy during a given year, calculated using the prices of a selected base year
Real GDP
Nominal GDP
Real GDP per Capita
GDP
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Real GDP divided by population size
GDP
Real GDP
Real GDP per Capita
Nominal GDP
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Total value of all final goods and services produced in the economy during a given year, calculated with the prices current in the year in which the output is produced
GDP
Nominal GDP
Real GDP
Real GDP per Capita
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