Macroeconomics Test
Authored by Matt Duggin
Social Studies
12th Grade
Used 1+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of macroeconomics?
Individual firms
Household spending
The economy as a whole
Local markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of GDP?
Consumption
Investment
Net Exports
Inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which component of GDP accounts for the largest percentage?
Consumption
Investment
Government Spending
Net Exports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between nominal GDP and real GDP?
Nominal GDP is adjusted for inflation, real GDP is not
Real GDP is adjusted for inflation, nominal GDP is not
Both are the same
Nominal GDP includes only goods, real GDP includes services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following transactions would be included in GDP?
Buying a used car
Building a new school
Selling a used book
Receiving a gift
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'per capita GDP' measure?
Total GDP of a country
GDP divided by the total population
GDP growth rate
GDP per household
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an intermediate good?
A new car
A tire for a new car
A cheeseburger
A new house
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