Macroeconomics Quiz

Macroeconomics Quiz

12th Grade

•

35 Qs

quiz-placeholder

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Macroeconomics Quiz

Macroeconomics Quiz

Assessment

Quiz

•

Education

•

12th Grade

•

Practice Problem

•

Hard

Created by

MUHAMMAD SAHLI

Used 1+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP measure?

Total income and total expenditure

Total savings and total investments

Total production and total consumption

Total exports and total imports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Consumer Price Index (CPI) measure?

The price of a fixed basket of goods

The unemployment rate

The total income of the economy

The GDP deflator

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a category of expenditure in GDP?

Consumption

Investment

Government purchases

Savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the unemployment rate?

The percentage of the labor force that is unemployed

The total number of unemployed individuals

The total number of employed individuals

The percentage of the population that is employed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary source of economic data for GDP?

International organizations

Private sector reports

Government surveys

Household surveys

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the GDP deflator?

A measure of the overall level of prices

A measure of unemployment

A measure of total imports

A measure of total exports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is included in the calculation of GDP?

Transfer payments

New goods production

Used goods sales

Stock market transactions

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