Macroeconomics

Macroeconomics

9th - 10th Grade

21 Qs

quiz-placeholder

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Macroeconomics

Macroeconomics

Assessment

Quiz

Social Studies

9th - 10th Grade

Practice Problem

Hard

Created by

Matthew Ledesma

Used 915+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the study of the nations economy as a whole.

Microeconomics

National economy

National output

Macroeconomics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the continuing increase of the general price level in the market.

Inflation

Deflation

Stagflation

Recession

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

It is the decrease in the general level of prices of basic commodities.

Inflation

Deflation

Stagflation

Stagnation

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

This happens when there is an increase in the production of goods and services.

Economic Development

Economic Progress

Economic Growth

Economic efficiency

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