Macro Economics Quiz

The word 'macro" was means

• Small

• Large

• definit

• All the above

What does GDP stand for?

• General Domestic Prices

• Gross Domestic Prices

• Gross Domestic Product

• Gross Disgusting Person

• General Domestic Product

Unemployment measures include

• Students

• People who want to work longer hours but can't

• Long term sick

• Those out of work but not seeking benefits

The rate of economic growth is measured by

• (original/difference) x 100

• difference x 100

• potential - actual level of output

• (difference/original) x 100

net investment is equal to

• gross investment +depreciation

• gross investment- depreciation

• gross investment xdepreciation

which of the following is and example of transfer income?

• bonus

• unemployment allowance

• compensation of employees

• all of the above

which of following is not flow ?

• capital

• income

• investment

• depriciation

final goods refer to those goods which are used either for ----- or for-------

• consumption ,investment

• consumption,resale

• resale , investment

• resale , further production

depreciation of fixed capital assets refers to ?

• normal wear and tear

• foreseen obsolescence

• normal wear and tear and foreseen obsolescence

• none of these

What is the study of production, employment, prices and policies on a nationwide scale?

• Inflation

• Macroeconomics

• Pyschological pricing