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Worksheetsmacroeconomics
Total questions: 20
Worksheet time: 40mins
A pair of shoes that costs $80 last month costs $100 this month. Which of the following BEST describes this economic condition?
inflation
recession
The percentage of a deposit that a bank must hold on to is called the ______.
Reserve Requirement
Credit
The expansionary fiscal policy involves
only an increase in taxes
a decrease in government spending and/or an increase in taxes
only a decrease in government spending
an increase in government spending and/or a decrease in taxes
Sonia makes RM30,000 per year and pays RM6,000 in income taxes. Raj makes RM40,000 and pays RM10,000 in income taxes. This is an example of
a regressive tax
a progressive tax
a proportional tax
a sale and service tax
National debt from internal sources are loans obtained from
international monetary funds
loans approved for overseas projects by the world bank
sale of government securities in the international financial markets
investment certificates and government securities to the employees
Suppose the population is 175 million people, the number of people unemployed is 20 million and the number of people employed is 130 million. Calculate the labour force participation rate
13.3%
15.4%
85.7%
86.7%
To help close an inflationary gap, the government could
decrease taxes
run budget deficits
run budget surpluses
increase government spending
