WorksheetsMacroeconomics
Total questions: 21
Worksheet time: 7mins
It is the study of the nations economy as a whole.
Microeconomics
National economy
National output
Macroeconomics
It is the measure of a country's total production of final goods and services in a given period of time.
Gross National Product
Gross Domestic Product
Exports
Imports
What do you call an economic policy that is designed to influence the aggregate demand in order to control the economy?
Spending policy
National policy
Fiscal policy
Monetary policy
It is the continuing increase of the general price level in the market.
Inflation
Deflation
Stagflation
Recession
It is the decrease in the general level of prices of basic commodities.
Inflation
Deflation
Stagflation
Stagnation
It shows the cycle of goods and services in an economy.
Circular flow of goods
Circular flow of money
Circular flow of the economy
Circular flow of resources
This happens when there is an increase in the production of goods and services.
Economic Development
Economic Progress
Economic Growth
Economic efficiency
Which of the following situation describes unemployment?
Robert is a full-time student.
Sharon just graduated from college.
George earns 70 pesos an hour.
Gene works after school as a bagger at a local grocery store.
Which of the following scenarios show frictional unemployment?
John got laid-off from work since the company is not making enough money.
Jeff cannot find work since most blue collar jobs are already filled.
Ramon quit his jobs to move to Canada for a better job offer.
Alberto works as a call center agent after graduating nursing
Which of the following formulas is used to compute for GDP using the income method?
C+I+G+X-M
PI+CI+GI+IBT-S+D
AG+IN+SE
PI+CI+GI+NFIA-S+D
It is the total market value of all the final goods and services in a given period of time by the country's citizens.
Gross National Product
Gross Domestic Product
Consumer Price Index
Market Basket of Goods
It is the list all final goods and services sold within an economy for a period of time.
Gross Domestic Product
Gross National Product
Consumer Price Index
Market Basket of Goods
Solve the GDP using the Expenditure method.
420 M
423 M
425 M
427 M
It is the measure of national output that adjusts GNP to account for price changes.
nominal GNP
potential GNP
real GNP
actual GNP
Bobby earns 23,258.45 pesos per month. He has a total monthly contribution or 857.50 pesos to SSS, pag-ibig, and PhilHealth. How much is his Taxable income?
3,762.28
3,726.28
267,811.40
268,811.40
What is the nominal GNP growth rate from 2016-2017?
12.20%
9.37%
14.49%
5.37%
It captures the prices of goods and services that consumers typically buy.
Total Weighted Price
Weighted Price
Consumer Price Index
Consumer Product Index
It is the ability of the peso to purchase goods and services.
CPI
PPP
PPI
CPP
Which agency is tasked of creating Monetary policy?
National Economic Development Authority
Department of Finance
Banko Sentral ng Pilipinas
Department of Budget and Management
Which of the following is excluded from taxable income?
Rent
Interests
Wages
13th Month pay
Monthly salary: 45,387.92
Monthly contributions:
SSS: 581.30
Pag-ibig fund: 100.00
PhilHealth: 230.00
How much is the Annual Tax Due?
63,427.86
63,429.86
63,428.86
63,430.86
