Basic Formulas and Calculations Quiz
12th Grade
•15 Qs
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Basic Formulas and Calculations Quiz
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Matthew Jones
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the value of the multiplier using the marginal propensity to consume?
Multiplier = 1 / (sum of the propensity to save + tax + import)
Multiplier = 1 / (1 - marginal propensity to consume)
Multiplier = (1 - marginal propensity to consume) / 1
Multiplier = (sum of the propensity to save + tax + import) / 1
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the percentage change?
(new value + old value) / 100
(new value - old value) / new value x 100
(new value - old value) / old value x 100
(old value - new value) / old value x 100
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the mean?
Add them up and divide by the number there are
Subtract the smallest from the largest and divide by two
Multiply all numbers together and take the square root
Add the smallest and largest numbers and divide by two
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the interquartile range calculated?
Difference between the highest and lowest values
Difference between the highest value from the first quartile and the lowest from the last quartile
Sum of the first and third quartiles
Average of all quartiles
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating the gradient in graphs?
Change in X / change in Y
Change in Y / change in X
Change in Y + change in X
Change in X - change in Y
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating profit?
TR = P x Q
Profit = TR - TC
AC = TC / Q
TC = FC + VC
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the Average Cost (AC) calculated?
AC = TC / Q
AC = TR - TC
AC = FC + VC
AC = change in total cost / change in output
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