
Macroeconomics Review Quiz
Authored by Collin Ludlow-Mattson
Social Studies
9th - 12th Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does macroeconomics study?
Individual choices
The entire economy
Only businesses
Government spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is GDP?
The number of people with jobs
The amount of money in banks
The value of imports
The total value of goods/services produced in a country
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of GDP adjusts for inflation?
Nominal GDP
Real GDP
Used GDP
Gross Investment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is counted in the unemployment rate?
Children and retired people
People actively looking for a job
People working part-time only
Everyone who doesn't have a job
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is frictional unemployment?
When people are between jobs
When robots take over jobs
When no jobs exist
When people give up looking for work
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is cyclical unemployment caused by?
Changing technology
A recession
Personal choices
High inflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is inflation a problem?
It makes prices go down
It reduces purchasing power
It makes people want to save
It increases employment
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