
macro revision quizz

Quiz
•
Business
•
11th Grade - University
•
Hard
Ross Cornes
Used 1+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In which case is success for the government in achieving the first aim likely to cause problems in achieving the second?
first aim full employment
second aim price stability
first aim high economic growth
second aim full employment
first aim price stability
second aim stable balance of payments
first aim stable balance of payments
second aim more even distribution of income
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An increase in which economic indicator is usually taken as the measure of a country’s economic growth?
the balance of payments surplus
the foreign exchange rate
the government budget surplus
the gross domestic product
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is used to measure inflation?
the consumer prices index (CPI)
the exchange rate
the gross domestic product (GDP)
the index of workers’ wages
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The diagram shows the rate of unemployment and the periods of recession in a country between 1978 and 2012.
What can be concluded from the diagram?
What can be concluded from the diagram?
Recessions occurred at regular intervals.
The unemployment rate peaked in a recession period.
The unemployment rate rose during recession periods.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A country experienced its usual August increase in the rate of unemployment. Unfortunately this was followed by the loss of jobs resulting from the regular downturn in global economic activity.
Which types of unemployment occurred?
first type of
unemployment
(August)
cyclical
second type of
unemployment
(global downturn) structural
first type of
unemployment
(August)
frictional
second type of
unemployment
(global downturn) seasonal
first type of
unemployment
(August)
seasonal
second type of
unemployment
(global downturn) cyclical
first type of
unemployment
(August)
structural
second type of
unemployment
(global downturn) frictional
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When is a recession said to occur?
Economic growth in the economy falls for at least two consecutive quarters.
Gross domestic product (GDP) falls for at least two consecutive quarters.
The current account of the balance of payment is in deficit for at least two consecutive
quarters.
The government experiences a budget deficit for at least two consecutive quarters.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is suffering from the worst deflation?
A
B
C
D
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most likely effect of raising the retirement age in a country?
government spending increases
net immigration increases
spending on pensions increases
working population increases
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