
Macroeconomics: Consumption
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Easy
Cherrylene Clarke
Used 2+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the concept of consumption in macroeconomics?
Total spending by households on goods and services.
Total savings by households from income.
Total spending by the government on goods and services.
Total spending by businesses on goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the difference between autonomous consumption and induced consumption.
Autonomous consumption decreases with income, induced consumption remains constant.
Autonomous consumption is influenced by government policies, induced consumption is not affected by external factors.
Autonomous consumption is a short-term behavior, induced consumption is a long-term behavior.
Autonomous consumption occurs regardless of income level, while induced consumption increases as income increases.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the marginal propensity to consume (MPC) affect consumption in an economy?
A higher marginal propensity to consume (MPC) leads to lower consumption in an economy.
The marginal propensity to consume (MPC) has no impact on consumption in an economy.
A higher marginal propensity to consume (MPC) leads to higher savings in an economy.
A higher marginal propensity to consume (MPC) leads to higher consumption in an economy.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discuss the factors that influence consumption behavior in an economy.
Political stability, healthcare accessibility, and entertainment preferences
Technological advancements, transportation costs, and educational levels
Weather conditions, social media trends, and global population growth
Factors that influence consumption behavior in an economy include income levels, price levels, interest rates, consumer confidence, advertising, cultural norms, and government policies.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between disposable income and consumption?
Consumption decreases as disposable income increases.
Disposable income has no impact on consumption.
Disposable income and consumption have a positive relationship.
Disposable income and consumption have a negative relationship.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of the consumption function in macroeconomics.
The consumption function in macroeconomics relates consumption spending to disposable income through the equation C = a + bY.
The consumption function is unrelated to economic growth.
The consumption function does not consider income levels.
The consumption function is solely determined by government spending.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the consumption function relate to the Keynesian theory of consumption?
The consumption function in Keynesian theory is not related to income
Keynesian theory suggests that consumption decreases as income rises
The consumption function in Keynesian theory is a linear relationship between income and consumption
The consumption function in Keynesian theory illustrates the relationship between income and consumption, showing that as income rises, consumption also increases but by a smaller amount due to the marginal propensity to consume.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
11 questions
W2 & W4 Forms
Quiz
•
12th Grade
10 questions
Identify Hypothesis Tests (1-sample)
Quiz
•
11th - 12th Grade
10 questions
cashflow statement
Quiz
•
12th Grade
10 questions
Data Sampling Types
Quiz
•
9th - 12th Grade
15 questions
Dave Ramsey Investments Quiz
Quiz
•
12th Grade
15 questions
Accounting- 8-2: Closing Entries
Quiz
•
9th Grade - University
12 questions
Module C Outcome 8 Polynomial Division
Quiz
•
10th - 12th Grade
10 questions
Ch 1 Introduction (Statistics)Class 11 Economics
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Mathematics
12 questions
Add and Subtract Polynomials
Quiz
•
9th - 12th Grade
15 questions
Exponential Growth and Decay Word Problems Practice
Quiz
•
9th - 12th Grade
17 questions
Explore Experimental and Theoretical Probability
Quiz
•
7th - 12th Grade
15 questions
Parallelogram Properties
Quiz
•
10th - 12th Grade
18 questions
Solving Systems- Word Problems
Quiz
•
9th - 12th Grade
34 questions
7.4 Review Cubic and Cube Root Functions
Quiz
•
10th - 12th Grade
21 questions
Geometry Chapter 2 Review
Quiz
•
9th - 12th Grade
9 questions
Identifying Parts Of An Expression
Quiz
•
6th - 12th Grade
