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Measures Macro

Authored by Jamie Thorns

Business

12th Grade

Used 2+ times

Measures Macro
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current rate of UK inflation?

11.1%

10.7%

2.0%

5.7%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an INJECTION into the CIRCULAR FLOW OF INCOME?

Investment

Exports

Savings

Govt expenditure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The UK economy grew by how much in November 2022?

0.0%

0.1%

0.3%

0.5%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main measures of GDP?

E=U=O

E=I=O

E=A=I

E=U=A

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP that adjusts for inflation and population would be......

Nominal GDP PPP

GDP at current prices PPP

Real GDP per capital

Real GDP PPP

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An issue with GDP as a measure of growth would be

Use in assessing govt policy

Measures living standards

can be adjusted for inflation

does not adjust for inequality

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The survey undertaken to calculate the UK basket of goods is known as.....

price survey

living costs and food survey

commercial victimisation survey

costs of food survey

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