Font size
WorksheetsTrắc nghiệm kinh tế vĩ mô
Total questions: 120
Worksheet time: 1hrs 15mins
What is the potential output level?
Corresponding to the natural unemployment rate
The highest a country can achieve
The highest a country can achieve without putting the economy in a high inflation state
No inflation
What does Okun's law in macroeconomics explain the relationship between?
Inflation and unemployment
Exports and imports
Tax revenue and government spending
Actual output and unemployment rate
What is the major issue that macroeconomics does not concern itself with?
Unemployment
Exchange rates
National output
Brand promotion strategies
Which economic model is Vietnam currently following?
Pure market economy
Centralized planned economy
Mixed economy
All three answers are correct
What is a business cycle?
The fluctuation of actual output around potential output
The fluctuation of the trade balance
The fluctuation of exchange rates
The fluctuation of gold prices
What does foreign trade policy relate to?
Government spending
Monetary policy of the central bank
The trade balance of the country
All three answers are correct
What is the potential output (full employment output)?
At which point if aggregate demand increases, inflation will rise quickly
At which the economy has a rate
What is the potential output (full employment output)?
At which total demand increases, inflation will rise quickly
At which the economy has the lowest unemployment rate
Maximum of the economy
All three answers are correct
When is the output of an economy considered potential?
Input factors are fully utilized
The state budget is surplus
There is no inflation
The balance of payments is balanced
The current difficulty in satisfying the material needs of society indicates that
There is a limitation of wealth to achieve the goal of satisfying limited needs of society
Due to scarce resources cannot satisfy all needs of society
There are unimportant choices in economics
No needs are correct
The statement 'The unemployment rate in many countries is very high' belongs to:
Macroeconomics
Microeconomics
Both a and b are wrong
Both a and b are correct
The statement 'The consumer price index in Vietnam increased by about 20% each year from 1992 to 1995' belongs to:
Microeconomics and positive
Macroeconomics and positive
Microeconomics and normative
Macroeconomics and normative
The consumer price index is:
EUR price
Gold price
USD price
Inflation rate
The traditional definition of economics is:
Efficiency issues are very concerned
Consumption is the first issue of the economy
Unmet needs
All answers are correct
The potential output level is:
Corresponding to the natural unemployment rate
The highest of a country without putting the economy into high inflation
The highest that a country can achieve
Both (a) and (b) are correct
Long-term aggregate supply can change when:
There is a change in interest rates
Production resources change
The government changes budget spending
What can change the long-term aggregate supply?
Changes in interest rates
Changes in production resources
Government changes in budget spending
Import of machinery and equipment
If actual output is lower than equilibrium output, what unexpected events may occur?
Actual output is lower than expected spending
Inventory is unexpectedly negative
Actual output will gradually increase
All of the above are correct
GNP is:
GDP minus inventory value
GDP minus depreciation
GDP plus net income from abroad
GDP plus personal income tax
Nominal GDP is:
GDP calculated in USD
GDP calculated in gold price
GDP calculated at the year GDP is calculated
All three statements are correct
The significance of GDP is:
Total domestic product of an economy
The happiness level of citizens
The pessimism level of citizens
All three statements are correct
Samsung's factory in Vietnam exports a shipment to Singapore, which country's GDP is it counted in?
Counted in South Korea's GDP
Counted in Vietnam's GDP
Counted in Singapore's GDP
Counted in both South Korea's and Vietnam's GDP
GDP is calculated by countries based on:
Territory
Ownership rights
Both answers above are incorrect
Both answers above are correct
Vietnam's GNP is:
Reflects the final product created by Vietnamese citizens
Does not include income from exported goods
Does not include income from exported services
Both b and c are correct
To measure the total domestic product of a country, which indicator is used?
GDP
GNP
NDP
All three answers are incorrect
To measure the national income of a country, which indicator is used?
GDP
GNP
What indicator is used to measure the national income of a country?
GDP
GNP
NDP
All three answers are incorrect
What indicator is used to measure the national income of a country?
GDP
GNP
Both answers are correct
Both answers are incorrect
What does Vietnam's GDP reflect?
Reflects the production level created by Vietnamese citizens
Calculated at current market prices
Includes foreign production on Vietnamese territory
All three answers are correct
What is nominal GNP?
Value of national income
Total domestic product of an economy
Value of net output created by production factors in the domestic economy
All three answers are incorrect
What is the fundamental difference between nominal GDP and real GDP?
Nominal GDP is calculated at current prices while real GDP is calculated at fixed prices of the base year
Nominal GDP only includes the value of goods, while real GDP includes both goods and services
Nominal GDP includes the value of intermediate products while real GDP does not include the value of intermediate products
All three answers are incorrect
What is the fundamental difference between GDP and GNP?
GDP is calculated based on territorial perspective while GNP is calculated based on ownership perspective
GDP is calculated based on ownership perspective while GNP is calculated based on territorial perspective
GDP does not include the value of intermediate products while GNP includes the value of intermediate products
All three answers are incorrect
What are intermediate goods defined as?
Purchased this year but used in subsequent years
Used in the production process of other goods and services
Directly counted in GDP
Sold to the final consumer
Which item below is counted in this year's GDP?
A new car imported from abroad
A printer produced this year purchased by a publishing company
A computer produced last year but sold this year
What is GDP this year?
A new car imported from abroad
A printer produced this year bought by a publishing company
A computer produced last year sold this year
An old house sold this year
What is the actual GDP equal to?
Nominal GDP minus the value of exported goods
Nominal GDP minus the value of intermediates
Nominal GDP minus depreciation
Nominal GDP adjusted for inflation
Which of the following is not a component of GDP by the expenditure approach?
Income of farmers
Net exports
Wages and income of workers
Corporate profits
To calculate GNP from GDP, we must:
Add net income of residents earned abroad
Add net exports
Subtract government transfer payments
Add net indirect taxes
The profit of Honda made in Vietnam will be counted in:
Vietnam's GDP
Vietnam's GDP and Japan's GNP
Japan's GNP
Vietnam's GNP
If you want to check if more goods and services were produced in the economy in 2004 compared to 2003, you should consider:
Real GDP
Value of intermediate products
GDP at current prices
Nominal GDP
Assuming a farmer grows wheat and sells it to a baker for 1 million VND, the baker makes bread and sells it to a store for 2 million VND, and the store sells to consumers for 3 million VND, these activities increase GDP by:
6 million VND
1 million VND
2 million VND
3 million VND
If nominal GDP is 4,410 trillion VND and the GDP adjustment index is 105, then the real GDP is:
4,630
4,200
4,305
4,515
The nominal GDP of the base year is 1,000 trillion VND. Assuming year t...
What is the actual GDP?
4.630
4.200
4.305
4.515
Assuming that in the fifth year the general price level doubles and the actual GDP increases by 30%, what can we predict the nominal GDP of the fifth year will be?
1.300 trillion VND
3.000 trillion VND
2.600 trillion VND
2.000 trillion VND
When are the actual GDP and nominal GDP of a year equal?
The inflation rate of the current year is equal to the inflation rate of the previous year
The inflation rate of the current year is equal to the inflation rate of the base year
The price index of the current year is equal to the price index of the previous year
The price index of the current year is equal to the price index of the base year
The income of Vietnamese workers in Thailand will be counted in the GNP of which country?
Thailand
Vietnam
Both answers are correct
Both answers are incorrect
GDP is an indicator calculated based on?
The territory of a country
Final products produced in the year
The price of goods after deducting taxes
Answers a and b are correct
Under the condition that other factors remain unchanged, which factor will balance the actual GDP?
Increase in exports
Increase in savings
Increase in taxes
Decrease in investment
Economists must calculate GDP based on production factors to avoid artificially inflated GDP based on market prices due to:
Price increase
Tax increase
Cost increase
Output increase
According to expenditure (based on product flow), GDP is the total of:
Consumption, investment, government spending to purchase products and services, net exports
Consumption, investment, government spending to purchase products and services, exports
Consumption, investment, government transfers, net exports
Consumption, investment, government transfers, exports
According to income (based on income flow), GDP is the total of:
(a)
According to income (based on income flow), GDP is the total of:
Wages, interest, taxes, profits, depreciation
Government subsidies, interest, profits
Wages, government subsidies, taxes, profits
Wages, government subsidies, interest, taxes
Using the real GDP growth rate to reflect economic growth because:
It has eliminated the inflation factor over the years
It is based on the output of the current year
It is based on current prices
All of the above are incorrect
When calculating GDP, we exclude intermediate products because:
They are products purchased externally
They are unfinished products
If not excluded, they will be counted twice
They are products that will gradually transfer value into GDP, so they do not need to be counted
GDP is an indicator calculated based on:
The territory of a country
Final products produced in the year
The price of goods after deducting taxes
Answers a and b are correct
Which agency implements fiscal policy?
Central bank
National Assembly
Government
All three answers are correct
Expansionary fiscal policy will increase national output more if:
Interest rates increase
Combined with tightening monetary policy to raise interest rates
Interest rates are stable
Combined with loosening monetary policy to keep interest rates unchanged
The trade balance increases when:
Exports increase
FDI capital increases
Foreign investment increases
All three answers are correct
The government budget is in deficit when:
Tax revenue is greater than government spending
Tax revenue is less than government spending
Tax revenue equals government spending
All three answers are incorrect
The household expenditure function is C = 2,500 + 0.7Y:
The consumption function of households is C = 2,500 + 0.7Y:
The marginal consumption coefficient is 2,500
The marginal consumption coefficient is 0.7
The marginal consumption coefficient is 500
The marginal consumption coefficient is 0.3
The consumption function of households is C = 1,000 + 0.6Y:
The marginal saving coefficient is 1,000
The marginal saving coefficient is 0.6
The marginal saving coefficient is 200
The marginal saving coefficient is 0.4
The increase in government spending is related to:
Monetary policy
Fiscal policy
Both answers are correct
Both answers are incorrect
If the trade balance is balanced, then:
The value of imported goods is greater than exported goods
The value of exported goods is greater than imported goods
The value of exported and imported goods changes
The value of exported and imported goods is equal
A budget surplus occurs when:
Exports increase
Tax revenue exceeds government spending
Foreign investment increases
All three answers are incorrect
The trade balance increases when:
Exports increase
Foreign investment increases
Gold prices increase
All three answers are incorrect
The import function based on the output of a country is M = 100 + 0.15Y:
The marginal import coefficient is 100
The marginal import coefficient is 0.15
The marginal import coefficient is 0.85
The marginal import coefficient is 0.5
The net tax function based on the output of a country is T = 100 + 0.1Y:
The marginal net tax coefficient is 100
The marginal net tax coefficient is 0.1
The marginal net tax coefficient is 200
The marginal net tax coefficient is 0.9
In an open economy with the given information: The government spending function G = 700; and the net tax function T = 150 + 0.2Y. At the output level Y = 4,000, how do you think the budget will be?
The government budget is in deficit
The government budget is balanced
The government budget is surplus
At the output level Y = 4,000, how will the government budget be?
The government budget is in deficit
The government budget is balanced
The government budget is in surplus
Not enough information to conclude
Reducing government budget expenditures is one of the measures to:
Reduce unemployment rate
Reduce taxes
Limit inflation
Invest in national defense
At the output level Y = 4,000, how will the trade balance be?
The trade balance is in deficit
The trade balance is in surplus
The trade balance is balanced
Not enough information to conclude
The point of sufficiency (equilibrium point) in household consumption is the point where:
Consumption equals disposable income
Savings equal zero
The consumption curve intersects the disposable income line
All three answers are correct
Choose the correct statement below:
Household expenditure is always greater than zero
Disposable income is always greater than zero
Household savings are always greater than zero
Household savings are always less than zero
The trade balance of a country reflects which of the following relationships?
Exports and imports
Taxes collected and government spending
Exchange rate between domestic currency and USD
All three answers are incorrect
A trade balance deficit occurs when:
The value of exports is greater than imports
The value of exports is less than imports
The value of exports equals imports
All three statements are incorrect
When actual output is less than potential output, the government should apply expansionary fiscal policy by:
Reducing taxes and government spending
Increasing taxes and reducing government spending
Increasing taxes and increasing government spending
Reducing taxes and increasing government spending
The marginal propensity to import reflects:
What is the trend of imports reflecting?
The change in imports when output changes by 1 unit
The amount of imports per 1 unit of income
The amount of imports when output is zero
All three answers are incorrect
The consumption function C = 900 + 0.75Y. Savings at disposable income Y = 3,500 is:
25
3,525
-25
0
The import function of a country is as follows: M = 2,500 + 0.15Y. The autonomous imports are:
2,500
0.15
3,500
Not enough information to conclude
The government budget is balanced when:
Tax revenue is greater than government spending
Tax revenue is less than government spending
Tax revenue equals government spending
All three answers are incorrect
The import function based on output of a country is M = 1,500 + 0.2Y:
Autonomous imports are 1,500
Autonomous imports are 0.2
Autonomous imports are 0.8
All three answers are incorrect
If the consumption function is C = 2,000 + 0.7Yd. If disposable income (Yd) increases by 1,000, how much will savings (S) increase?
500
300
400
Not enough information to conclude
Which factors affect long-term aggregate supply?
Household consumption increases
Exports increase
Technological innovation
All three answers are incorrect
The government's tax increase policy will result in:
Increase in aggregate demand and decrease in interest rates
Decrease in aggregate demand and increase in interest rates
Increase in aggregate demand due to increased disposable income
Decrease in aggregate demand due to decreased disposable income
In a high inflation economy, if the government reduces spending on goods and services, what will be the result?
Decrease in inflation
Real output will definitely decrease
Unemployment will definitely increase
All three answers are correct
The marginal propensity to consume is calculated by:
Total consumption divided by total income
Change in consumption divided by change in income
Total savings divided by total income
None of the above
What is the result of service transformation?
Decrease inflation
Real output certainly decreases
Unemployment certainly increases
All three answers are correct
The marginal consumption trend is calculated by:
Total consumption divided by total disposable income
Change in consumption divided by savings
Change in consumption divided by change in disposable income
Total consumption divided by change in income
The marginal savings trend must have a value between:
0 and 1
Less than 0
Less than 1
Greater than 1
Fiscal policy is a macroeconomic management tool because:
Changes in government taxes and spending affect price levels, GDP, and employment levels
Promoting the privatization of state-owned enterprises and issuing shares is necessary for economic growth
Changes in treasury bill interest rates affect the funding for government budget deficits
Adjusting the issuance of treasury bills and national bonds plays an important role in stabilizing the economy
Under conditions where other factors remain unchanged, which factor will increase the real GDP equilibrium?
Increase in exports
Increase in savings
Increase in taxes
Decrease in investment
Savings less than zero when households:
Save more than they spend
Consume more than their disposable income
Spend more than they save
Spend less than their disposable income
If other factors remain unchanged, an increase in interest rates will result in:
Increase
Decrease
No change
Cannot change
Which process describes the effects of expansionary fiscal policy?
Total spending increases, real GDP increases, demand increases, interest rates increase causing investment withdrawal
Total demand decreases, real GDP increases
What is the impact of the expansionary fiscal policy?
Total spending increases, real GDP increases, expected demand increases, interest rates increase causing investment withdrawal
Total demand decreases, real GDP increases
Total spending increases, real GDP increases, expected demand increases, interest rates decrease, real GDP continues to expand
Total spending increases, real GDP decreases
What reason below causes the increase in autonomous spending to lead to a larger increase in output in the economy?
When businesses increase output to meet demand, this in turn will increase consumption.
The multiplier increases along with the increase in autonomous spending.
When output increases, prices increase and this causes output to continue to rise.
When output increases, MPS decreases.
What will happen if a balanced budget is implemented?
It will eliminate the government's ability to stimulate the economy using fiscal policy.
It will shift most of the stabilization burden to monetary policy.
It may make the economy more unstable due to limiting the effects of self-stabilizing mechanisms.
All of the answers are correct.
If actual output (GDP) is less than the expected total demand, then:
Expected total spending will increase.
Prices must decrease to restore equilibrium.
Actual GDP will increase.
A and C are correct.
Under the condition that other factors remain constant, which factor will increase the equilibrium output?
Increase in savings
Increase in exports
Cut in investment
Increase in taxes
If disposable income is zero, consumption will:
Be zero
Be positive because people will borrow or use stored wealth
Be autonomous consumption
B and C are correct.
Savings have a negative value when households:
Consume less than income
Consume more than disposable income
Consume more than savings
Consume more than income
If households expect income to increase, then:
When households expect income to rise significantly in the future, while other factors remain unchanged, what will happen to consumption spending?
Consumption spending will decrease
Consumption spending will remain unchanged until the actual increase in income occurs
Consumption spending tends to increase
The government will raise taxes
Assuming both taxes and government spending decrease by the same amount. What will happen?
Output (GDP) and the budget balance will remain unchanged
GDP will not change
The budget balance will not change, but GDP will increase
The budget balance will not change, but GDP will decrease
Given an economy with the following data for year t: Y = 7,400, C = 4,650, G = TT = 468 + 0.18Y, I = 1,050, X = 1,400, M = 20 + 0.2Y, MPC = 0.65. What is the consumption function of the economy?
C = 4,650 + 0.65Yd
C = 4,050 + 0.65Yd
C = 1,010 + 0.65Yd
C = 1,050 + 0.65Yd
Given an economy with the following data for year t: C = 150 + 0.8Yd, T = 40 + 0.1Y, I = 50 + 0.1Y, X = 200, M = 40 + 0.12Y, Yp = 2,000, G = 224. What is the unemployment rate at the equilibrium output level?
4%
5%
7.5%
9%
If exports X = 800 and the import function M = 300 + 0.6Y, what is the form of the net export function?
NX = 1,100 + 0.6Y
NX = 800 + 0.6Y
NX = 300 - 0.6Y
NX = 500 - 0.6Y
In an economy, if actual output is greater than potential output, what should the government do to regulate the economy?
Increase government spending and decrease taxes
Decrease government spending and increase taxes
Increase government spending exactly by the amount of tax increase
No government intervention is needed in the economy
What is the marginal propensity to consume?
The government intervention is necessary in the economy?
No need for government intervention in the economy
The government should intervene to regulate the economy
The marginal propensity to consume is:
The additional disposable income when output increases
The consumption decreases when disposable income decreases by 1 unit
The additional consumption when disposable income increases by 1 unit
Both B and C are correct
The intersection of two consumption and saving functions indicates that:
Consumption equals saving
Consumption equals disposable income
Saving equals disposable income
All answers are incorrect
Investment expenditure depends on:
Directly related to interest rates
Directly related to national output
Inversely related to interest rates
Both B and C are correct
Which factor does not shift the consumption function?
Household assets
Investment expenditure
Autonomous consumption
Expectations about future income
The economy is at full employment. Assuming interest rates, prices, and exchange rates remain unchanged, if the government reduces spending and taxes by the same amount, the state of the economy will change:
From recession to inflation
From recession to stability
From stability to inflation
From stability to recession
According to Keynesian theory, which policies are most appropriate to reduce unemployment?
Reduce taxes and increase government purchases
Increase taxes and reduce government purchases
Increase income tax and increase government purchases
Devalue, reduce taxes, and reduce government purchases
Consumption function: C = 20 + 0.9Y (Y is income). Savings (S) at the level of
