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MACROECONOMICS

Total questions: 10

Worksheet time: 30mins

Name
Class
Date
1.

Macroeconomics is a study of ___________________.

[Makroekonomi adalah kajian tentang ______________.]

a)

A. The behavior of individual firms [Tingkah laku firma individu]

b)

B. The entire economy [Keseluruhan ekonomi]

c)

C. General price level [Tingkat harga umum]

d)

D. Government units [Unit – unit kerajaan]

2.

In the circular flow diagram, households earn revenue via the ____________ market and spend via the ____________ market.

[Dalam Rajah aliran pusingan pendapatan, isi rumah memperoleh hasil melalui pasaran ____________ dan berbelanja melalui pasaran ___________

a)

A. Product; resource [barang; faktor pengeluaran]

b)

B. Resource; product [faktor pengeluaran; barang]

c)

C. Capital; consumer [modal; pengguna]

d)

D. Consumer; capital [pengguna; modal]

3.

Which of the following is the formula to calculate GNP, based on the expenditure approach?

[Antara yang berikut, yang manakah merupakan formula untuk mengira GNP mengikut kaedah perbelanjaan?]

a)

A. GNP = C + I + G + (X + M) [GNP = C + I + G + (X + M)]

b)

B. GNP = C + I + G – (M – X) [GNP = C + I + G – (M – X)]

c)

C. GNP = C + I + G + X + M [GNP = C + I + G + X + M]

d)

D. GNP = C + I + G + M – X [GNP = C + I G + M – X]

4.

Which of the following is included in the calculation of personal income, but not national income?

[Antara yang berikut, yang manakah termasuk dalam pengiraan pendapatan persendirian tetapi tidak termasuk dalam pengiraan pendapatan negara?]

a)

A. Undistributed corporate profits [untung yang tidak diagihkan]

b)

B. Social security contribution [caruman keselamatan social]

c)

C. Corporate dividend [dividen korporat]

d)

D. Transfer payment [Bayaran pindahan]

5.

If (I + G + X) exceeds (S + T + IM), then the national income will _____________ towards the equilibrium.

[Jika (I + G + X) melebihi (S + T + IM), maka pendapatan negara akan ____________ ke arah keseimbangan.]

a)

A. Rise above potential income [meningkat atas pendapatan potensi]

b)

B. Remain constant [kekal malar]

c)

C. Increase [meningkat]

d)

D. Decrease [menurun]

6.

Disposable income can be written as _____________________.

[Pendapatan boleh guna boleh ditulis sebagai _________________.]

a)

A. C + I + G + T [C + I + G + T]

b)

B. C + S = I [C + S = I]

c)

C. C = S + I [C = S + I]

d)

D. Y – T [Y – T]

7.

Money functions as a ___________.

[Fungsi wang adalah sebagai _______________.]

a)

A. Medium exchange [Perantaraan pertukaran]

b)

B. Measure value [Pengukur nilai]

c)

C. Store value [Penyimpan nilai]

d)

D. All of the above [Semua diatas]

8.

Paper money is included in _____________.

[Wang kertas termasuk dalam ____________.]

a)

A. M1, and M2 only [M1 dan M2 sahaja]

b)

B. M1, M2 and M3 [M1, M2, dan M3]

c)

C. M1 only [M1 sahaja]

d)

D. M2 only [M2 sahaja]

9.


Based on the Table 1 above, which country has an absolute advantage in production of both goods?

[Berdasarkan Jadual 1 diatas, negara manakah yang mempunyai faedah mutlak dalam pengeluaran kedua – dua barang?]

a)

A. China [China]

b)

B. Malayisa [Malaysia]

c)

C. Malaysia and China [Malaysia dan China]

d)

D. None of the countries has an absolute advantage [Tiada negara yang mengalami faedah mutlak]

10.

Deficits in the balance of payments can be solved by ___________________ .

[Defisit dalam imbangan pembayaran boleh diselesaikan melalui _______________.]

a)

A. Balance of payment [imbangan pembayaran]

b)

B. Statistical discrepancy [ketepatan statistic]

c)

C. Trade balance [imbangan perdagangan]

d)

D. Trade deficit [deficit perdagangan]