Macroeconomics chapter 1-3 ECO211 Quiz

Which of the following is associated with macroeconomics?

• Incomes of UiTM graduates

• Price level and unemployment rates

• Palm oil price trend

• Pricing textbooks

Which is a macroeconomic objective in Islam?

• Free education

• Economic growth

• Graduate employment

• Low inflation

In circular flow model, households are:

• Demand side in both markets

• Supply side in both markets

• Supply in resource, demand in product

• Demand in resource, supply in product

Real GDP is:

• Total goods/services value

• Adjusted for inflation

• Output at full employment

• Per capita income

If nominal GDP = RM1500m, real = RM1200m, deflator is:

• 100

• 125

• 152

• 102.5

In national income accounting depreciation is also referred to as

• net investmebt

• capital consumption

• change in business inventories

• net national product

Not allowed in Islamic investment:

• Welfare-based

• Interest-based

• Maslahah-based

• Syariah-based

At breakeven point:

• Income > consumption

• Saving is positive

• Income = consumption

• Saving is negative

Macroeconomic equilibrium occurs when:

• Price = inputs

• Demand = supply

• Demand = price

• Quantity demanded = quantity supplied

Which decreases aggregate demand:

• Price increase

• Nominal wages drop

• Supply decrease

• Govt spending cut