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Macroeconomics Quiz 2019

Authored by Jasmine Tuladhar

Mathematics

2nd Grade

Used 3+ times

Macroeconomics Quiz 2019
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Study of macroeconomics deals with ______.

behavior of firms

behavior of industry

microeconomics aggregates

macroeconomics aggregates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the largest figure of macroeconomics?

NNP

PI

GNP

DPI

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between microeconomics and macroeconomics is:

Microeconomics looks at supply and demand for goods, macroeconomics looks at supply and demand for services

Microeconomics looks at prices, macroeconomics looks at inflation

Microeconomics looks at individual consumers, macroeconomics looks at national totals

Microeconomics looks at national issues, macroeconomics looks at global issues

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

National income statistics show that real GDP per head is 25% higher in country X than in country Y. Why might this exaggerate the gap in average living standards?

Country X has a larger population than country Y

Country X has a higher rate of inflation than country Y

The proportion of services people provide for themselves is higher in country Y

The proportion of the country’s industry which is owned by foreign firms is higher in Country Y

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country has a trade surplus when ______.

imports exceed exports

imports equal exports

exports exceed imports

export is zero

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statement is true about Reserve Money (RM)?

It is High-powered money

It is monetary base

It is the liquidity of central bank

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes GDP Deflator?

Ratio of Nominal GDP to Real GDP

Ratio of Nominal GNP to Real GNP

Ratio of Nominal NNP to Real NNP

None of the above

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