
Macroeconomics quiz 2
Authored by Olivia Larney
Social Studies
11th - 12th Grade
Used 17+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following represents a withdrawal from the circular flow of income?
Private funding for a national arts centre
The extension, by the government, of the existing highway network
The commissioning of a domestic firm of consultant engineers by a foreign oil company to investigate suspected structural defects in some pipelines
The purchase by a domestic department store of designer clothes produced abroad.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following data is extracted from the National Accounts of a country (in millions of $): Consumer expenditure $10, Depreciation $2, Government spending $3.5, Investment $3, Exports $3, Imports $3.5. What is the GDP of this country?
$14 million
$16 million
$18 million
$25 million
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would cause the supply of labour to increase?
lowering the retirement age
raising the school leaving age
better provision of child-care for very young children
stricter controls on immigration
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is most likely to cause an increase in both AD and AS?
A reduction in the money supply
An increase in government spending
An increase in capital investment
A fall in the exchange rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rate of inflation will fall if
aggregate demand stays constant and productivity increases.
aggregate supply falls.
aggregate supply is constant.
aggregate demand is constant and factor costs rise.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government wishes to reduce aggregate demand by increasing interest rates. This will have the effect of reducing
industrial costs.
the external value of the domestic currency.
disposable income.
the propensity to save.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country with a population of 100 million people has a labour force of 50 million people. Of these 45 million are working and 5 million do not have a job. What is the unemployment rate in this country?
5 million
5%
10%
11.1%
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