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WorksheetsEconomics EOCT Macro Questions
Total questions: 19
Worksheet time: 19mins
Select all that apply
Which of the following are the macroeconomic goals for an economy?
Economic growth
Stable Prices
Single market growth
Full Employment
The US unemployment rate increased to 3.6 percent in October 2019 from 3.5 percent in the previous month and in line with market expectations. Over the month, the number of unemployed persons increased by 86,000. The labor force participation rate edged up to 63.3 percent from 63.2 percent in September.
According to the passage, which macroeconomic goal is being described?
Economic growth
Full employment
Stable prices
Inflation
Economic downturn
Select all that apply.
According to the graph, which of the following statements is true?
Median household incomes are growing just as fast as the U.S. gross national product
The United States is experiencing economic growth from 1985 to 2015
Median household incomes are not growing as fast as the U.S. gross national product
Unemployment is a problem in the United States
C+I+G+(X-M)=
Gross National Product
Gross Domestic Product
Gross National Debt
Gross National Revenue
C+I+G+(X-M) is used to measure which of the following?
Full employment
Economic growth
Price stability
Unemployment
(CPI) or the Consumer Price Index is best represented by which formula?
C=I=G=(X-M)
Number of Unemployed Persons / Labor Force.
(Cost of basket in current period/Cost of basket in base period) × 100
Y = C + I + G + X + Z.
Choose all that apply
(CPI) or the Consumer Price Index is used to measure which of the following?
Full employment
Economic Growth
Price stability
Inflation
Lack of skills is the reason a person is unemployed
Traditional unemployment
Cyclical unemployment
Structural unemployment
Frictional unemployment
In between job is the reason a person is unemployed
Traditional unemployment
Cyclical unemployment
Structural unemployment
Frictional unemployment
The nation is experiencing an economic downturn (recession) is the reason a person is unemployed
Traditional unemployment
Cyclical unemployment
Structural unemployment
Frictional unemployment
According to the graph, it is safe to say people became jobless from a period of 2007-2009 because of which of the following
Traditional unemployment
Structural unemployment
Frictional unemployment
Cyclical unemployment
Rising prices =?
inflation
stagflation
deflation
dogflation
A balanced budget is best described as which of the following
Revenue is greater than expenses
Revenue is less than expenses
Revenue is equal to expenses
Expenses is greater than revenue
A budget surplus is best described as which of the following
Revenue is greater than expenses
Revenue is less than expenses
Revenue is equal to expenses
Expenses is greater than revenue
Choose all that apply
A budget deficit is best described as which of the following?
Revenue is greater than expenses
Revenue is less than expenses
Revenue is equal to expenses
Expenses is greater than revenue
Choose the correct order
According to the image, which letters represents
Peak, Trough, Expansion, Contraction?
D,E,A,C
E,C,A,D
D,A,C,E
C,D,E,A
In a business cycle, which phase typically follows a trough?
Expansion
Contracton
Peak
Recession
Choose all that apply
Which of the following are characteristics associated with letter E?
Rising unemployment
Rising employment
Highest levels of unemployment
Economic growth
Inflation
Choose all that apply
Which of the following are characteristics associated with letter A?
Rising unemployment
deflation
Highest levels of unemployment
Economic recession
Inflation
