Macroeconomic Flashcard

Macroeconomic Flashcard

Assessment

Flashcard

others

Hard

Created by

Elliott London

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the primary focus of the macroeconomic perspective?

Back

Overall aspects of a national economy

2.

FLASHCARD QUESTION

Front

Which of the following is NOT one of the major goals of a national economy? Options: Stable prices, Low unemployment, High inflation, Economic growth

Back

High inflation

3.

FLASHCARD QUESTION

Front

What does GDP stand for?

Back

Gross Domestic Product

4.

FLASHCARD QUESTION

Front

Which statistic indicates the percentage of the labor force that is unemployed?

Back

Unemployment Rate

5.

FLASHCARD QUESTION

Front

What economic challenge was highlighted as a significant issue in the United States?

Back

High personal and national debt

6.

FLASHCARD QUESTION

Front

In January 2010, how many jobs did employment decline by?

Back

800,000

7.

FLASHCARD QUESTION

Front

What is the ideal unemployment rate for a country?

Back

4%

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