
Macroeconomics
Quiz
•
Social Studies
•
12th Grade
•
Hard
Law Johnson
FREE Resource
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine you are an economist studying a particular country. You want to calculate the total value of all final goods and services produced in that country in a given year. What term would you use to describe this?
Gross Domestic Product
Consumer Price Index
Inflation
Unemployment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine you are an economist studying the cost of living in a typical urban area. You decide to measure the price of a standard group of goods that a typical consumer in this area would buy. What is the name of this price index?
Gross Domestic Product
Consumer Price Index
Unemployment
Inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine you are an economist observing the market trends. You notice that there is a general increase in prices across all sectors of the economy. What term would you use to describe this phenomenon?
Gross Domestic Product
Consumer Price Index
Unemployment
Inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John is studying economics and he came across a term that represents the percentage of a nation's labor force that is unemployed. Can you help him identify the term?
Gross Domestic Product
Inflation
Unemployment
Consumer Price Index
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John is a farmer and he is unemployed during the winter months when there is no harvest. Similarly, a hotel employee in a tourist location is unemployed during off-season. What type of unemployment is this?
Seasonal Unemployment
Structural Unemployment
Frictional Unemployment
Cyclical Unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John is a skilled blacksmith, but he is unable to find a job because the demand for blacksmiths has decreased due to technological advancements. What type of unemployment is John experiencing?
Seasonal Unemployment
Structural Unemployment
Frictional Unemployment
Cyclical Unemployment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John recently quit his job to find a new one. This period of job searching is an example of which type of unemployment?
Seasonal Unemployment
Structural Unemployment
Frictional Unemployment
Cyclical Unemployment
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