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Macroeconomics Review

Authored by Kelley Michelle Camp

Business

9th - 12th Grade

Used 4+ times

Macroeconomics Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the study of the nations economy as a whole.

Microeconomics

National economy

National output

Macroeconomics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total value of all final goods and services produced in a country in a given year.

Gross Domestic Product

Consumer Price Index

Inflation

Unemployment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general increase in prices across an economy.

Gross Domestic Product

Consumer Price Index

Unemployment

Inflation

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It shows the cycle of goods and services in an economy.

Circular flow of goods

Circular flow of money

Circular flow of the economy

Circular flow of resources

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the total market value of all the final goods and services in a given period of time by the country's citizens.

Gross National Product

Gross Domestic Product

Consumer Price Index

Market Basket of Goods

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the measure of national output that adjusts GNP to account for price changes.

nominal GNP

potential GNP

real GNP

actual GNP

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In terms of resources, what do households provide for businesses?

loans
savings
labor
private goods

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