Economics Indicator & Fiscal Policy Quiz

Where does the economics data collected?

• Internet

• Survey

• Interview

• Goverment

The following is one of the economic indicators...

• Gross Domestic Product (GDP)
• Population Density
• Climate Change
• Language Diversity

The continuous increasing price of goods and services in a certain period of time, is...

• Deflation
• Recession
• Inflation
• Stagnation

The effort that made to increase economy activity and growth of the business are the definition of...

• Marketing
• Investment
• Expansion
• Inflation

Why does the unemployement happen?

• Rescission

• Overpopulation
• Lack of education
• Lack of job opportunities

What is meant by fiscal policy is policy?

• Fiscal policy is a policy related to the management of a country's natural resources
• Fiscal policy is a policy related to the management of a country's public health
• Fiscal policy is a policy related to the management of a country's education system
• Fiscal policy is a policy related to government revenue, spending, and debt load

The following are the objectives of fiscal policy...

• To control inflation

• To increase the GDP of a country
• To regulate the stock market
• To control the population growth

The following is an example of fiscal policy...

• Increasing government spending on public works
• Lowering the minimum wage
• Raising interest rates
• Increasing the money supply

Prioritizing the health sector during the Covid-19 pandemic is an example of a fiscal policy instrument which...

• Shopping Expenses

• Obligation

• Taxation

• Budget Allocation

What is the definition of Deficit?

• Excess of income over expenditure
• The amount by which a resource falls short of a mark
• The amount by which a sum of money falls short of the required amount
• The amount by which government expenditure exceeds income