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Macroeconomics Test 1

Authored by nasreen mohdmansor

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7th Grade

Used 4+ times

Macroeconomics Test 1
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following deals with macroeconomics issues.

The price of shoes.

The profits of Petronas Bhd.

The market for Proton X70 car.

The unemployment rate in Malaysia.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics can best be described as the ________________.

analysis of how consumers spend their money.

study supply and demand in individual market.

analysis of how firms manage the profit of a company.

study of the large aggregates demand in economy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Examples of secondary sectors are forestry, farming, and mining.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the uses of national income accounting is to find unpaid activities.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Compensation of employees including health insurance, gratuities, and pension fund.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.            Disposable income can be obtained by____________________

subtracting corporate tax from national income.

 adding transfer payment to the national income.

     deducting personal income tax from national income

deducting gross national income from net national income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The current price index is 160 while the base year price index is 100 and the nominal GNP (Gross National Product) is RM 10 000 million.

What is the real GNP

RM 6250

RM 6350

RM 16 000

   RM 16 250

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