
lecture 1 macroeconomics
Authored by Châu Ngọc
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP measure?
Total savings of households
Total investments in foreign markets
Total government spending
Total income of everyone in the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of GDP?
Consumption (C)
Investment (I)
Government Purchases (G)
Personal Savings (PS)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between Real GDP and Nominal GDP?
Real GDP measures only services
Nominal GDP includes only government spending
Nominal GDP is always higher than Real GDP
Real GDP is adjusted for inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of measuring GDP includes labor income?
Expenditure Method
Market Value Method
Production Method
Income Method
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the GDP deflator measure?
The growth rate of GDP
The unemployment rate
The level of prices in the economy
The total income of a nation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is included in the Consumption (C) component of GDP?
Government spending on infrastructure
Household spending on goods and services
Exports minus imports
Business investments in equipment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is excluded from GDP calculations?
Household consumption
Exports
Government purchases
Illegal market transactions
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