MACRO Part 1

MACRO Part 1

12th Grade

11 Qs

quiz-placeholder

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MACRO Part 1

MACRO Part 1

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Charles Walker

Used 3+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the key indicators for measuring economic health?

Price Stability

Unemployment Rate

Number of Imports

Economic Growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best method for measuring economic growth?

Inflation Rates

Unemployment Rates

Gross Domestic Product

Discount Rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economist use GDP to measure a country ____ over a one year period?

Jobs

Productivity

Money

Resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total market value of all final goods and services produced within a nations borders in a one year period.

CPI

Economic growth

FOP's

GDP

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Higher GDP per person indicates.....

A higher unemployment rate

A lower standard of living

A lower quality of life

A higher standard of living

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Products that are used in the production process to make other goods, which are ultimately sold to consumers.

Intermediate goods

Substitute goods

Inferior goods

Normal goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP adjusted for inflation.

Nominal GDP

Inflated GDP

Real GDP

Intermediate GDP

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