
AP Macro Unit 2
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Easy
ELYANA NAJARIAN-GARB
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65 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main sectors of the 2-sector circular flow of money?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If nominal GDP > real GDP.....
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If nominal GDP < real GDP....
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate real GDP?
Real GDP = (Pg x Qg)
Real GDP = (Pb x Qb)
Real GDP = (Pb x Qg)
Real GDP = (Pg x Qb)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the inflation rate using nominal and real GDP?
Inflation rate = ((Nominal GDP / Real GDP) - Real GDP) * 100
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do calculate the inflation rate using the GDP deflator?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do calculate the GDP deflator?
Nominal GDP/GDP Deflator(g) = Real GDP/GDP Deflator(b)
Nominal GDP * GDP Deflator(g) = Real GDP * GDP Deflator(b)
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