Macroeconomics Test Illuminate

Macroeconomics Test Illuminate

12th Grade

30 Qs

quiz-placeholder

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Macroeconomics Test Illuminate

Macroeconomics Test Illuminate

Assessment

Quiz

Social Studies

12th Grade

Hard

Used 9+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are an example a country reaching its macroeconomic goals?

The value of the Japanese Yen has declined, causing prices to rise in Japan.

Canada’s unemployment rate reached 15% last year.

Inflation in Russia has changed dramatically since last year.

Germany’s GDP has increased annually by at least 3% for the past 3 years.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How would a significant increase in consumption and economic activity among a nation's consumers affect the nation's economy?

It would decrease income inequality.

It would cause inflation rates to rise.

Businesses would be able to hire more workers.

The value of the nation's currency would fall.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Use the news headline to answer the question.

Navy orders two Ford class aircraft carriers for $26 Billion.

How will this development affect the gross domestic product?

It will rise due to increased consumer spending.

It will fall due to increased consumer spending.

It will rise due to increased government spending.

It will fall due to increased government spending.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Changes in gross domestic product MOST directly measure

A. price inflation.

B. economic growth.

C. employment rates.

D. aggregate demand.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government institutes new measures in an attempt to limit inflation. To what macroeconomic goal is this action most directly related?

A. equity

B. efficiency

C. stable prices

D. full employment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are included in the unemployment rate?

A. adults who have retired

B. part-time workers seeking full-time jobs

C. laid-off workers seeking new employment

D. workers who have given up seeking a new job

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Consumer Price Index measure?

A. the change in the value of a basket of national

currencies

B. the rate of change in the monetary supply of the United States

C. the rate of change in the purchasing power of a nation's consumers

D. the change in the price of a basket of household goods and services

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