CHAPTER 3: NI EQUILIBRIUM (1123)

CHAPTER 3: NI EQUILIBRIUM (1123)

2nd Grade

13 Qs

quiz-placeholder

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CHAPTER 3: NI EQUILIBRIUM (1123)

CHAPTER 3: NI EQUILIBRIUM (1123)

Assessment

Quiz

Social Studies, Other

2nd Grade

Hard

Created by

norhafizah (BG)

Used 17+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.        If income is zero, saving

    

A.       must be zero.

B.       is less than zero.

C.       is greater than zero.

D.       can be either greater or less than zero.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2.        Induced consumption is consumers spending

A.       on durable goods

B.       that causes MPC to rise

C.       that is dependent on changes in disposable income

D.       that is independent of the level of disposable income

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

3.        What is the level of consumption if disposal income is RM650 billion, saving is RM400 billion and MPCis 0.5?

A.       RM175 billion

B.       RM250 billion

C.       RM675 billion

D.       RM800 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

4.                          Investment may be decrease due to

A.       an increase in interest rate.

B.       an increase in business optimum.

C.       a new technological advancement.

D.       a decrease in tax rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.        National income equilibrium occurs when

A.       total injections exceed total leakages

B.       demand equals supply in the product market

C.       aggregate supply the nominal value of national income

D.       aggregate expenditures equals aggregate supply in an economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

6.                    Given the consumption function is C = 200 + 0.5 Y, the amount of income at breakeven is

A.                   RM 400

B.                   RM 500

C.                   RM 200

D.                   RM 300

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.                    Which of the following will decrease aggregate demand?

A.          An increase in the price level

B.          A decrease in nominal wages in the economy

C.          A decrease in aggregate supply

D.         A reduction in government spending

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