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WorksheetsMacroEconomics Differentiation quiz
Total questions: 10
Worksheet time: 10mins
What should the “normal” or “acceptable” inflation rate be?
7-9%
1-2%
3-5%
2-4%
What does GDP measure?
The strength of the economy (economic growth)
The weaknesses of the economy
The gross dumb possums who live under the deck
the giant, demanding punk who won't stop picking on my little brother
All of the following could cause unemployment EXCEPT
A change in seasons
A decrease in taxes
A mismatch between job requirements and worker skill
People being temporarily between jobs
What should the “normal” or “acceptable” unemployment rate be?
1-10%
2-3%
4-6%
10-12%
Which of the following best defines “unemployment”?
When a person is not earning a wage.
When a person is actively looking for a job, but is unable to find one.
When a person is actively working, but not earning a wage or salary.
When a person is earning a wage while working at a regular job.
The IRS lays off thousands of employees every year after April 15th. This is an example of
seasonal unemployment
cyclical unemployment
frictional unemployment
structural unemployment
The consumer price index (CPI) is an indicator of which of the following?
the size of the economy
the velocity of money
the level of inflation or deflation
the presence of a budget deficit or surplus
GDP, CPI, and the unemployment rate are all
signs that the economy is peaking.
signs that the economy is in contraction.
economic indicators used to determine the state and direction of the economy.
the result of economic expansion.
If one wanted to know whether there had been inflation or not, the BEST measure to observe would be the
GDP
business cycle
CPI
national debt
Mr. Howard is quitting his job as a teacher and moving to take a new job in Texas. He is
Cyclically unemployed
Seasonally Unemployed
Structurally Unemployed
Frictionally Unemployed
