UNIT 3 Quiz "Macroeconomic" 1

UNIT 3 Quiz "Macroeconomic" 1

16 Qs

quiz-placeholder

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UNIT 3 Quiz "Macroeconomic" 1

UNIT 3 Quiz "Macroeconomic" 1

Assessment

Quiz

others

Medium

Created by

Sid Smith

Used 4+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

The aim of the study of macroeconomics is to examine
the interactions between individual producers and consumers.
the behavior of factors affecting the economy.
the relationship between supply and demand.
the economy’s viability.

2.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Which body or group is most able to use money to influence the economy?
government
suppliers
firms
producers

3.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

In microeconomics, what occurs when equilibrium is reached?
Prices decline.
Prices increase.
Prices are set.
Prices fluctuate.

4.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

The aggregate is
a type of economic system.
the total number of goods demanded or supplied.
a form of revenue.
the total profit made on sales.

5.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Economic growth takes place when a country
produces a steady number of automobiles.
has a high unemployment rate.
measures its gross domestic product (GDP).
produces more goods and services.

6.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

An increase in gross domestic product (GDP) is a sign that a country’s economy is
declining.
stagnant.
growing.
depressed.

7.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

Media Image
What conclusion can someone draw from the map?
States with the highest per capita GDP tend to be in the South.
Alaska has the lowest per capita GDP of any state.
States with the lowest per capita GDP tend to be in the South.
Florida has a higher per capita GDP than New York.

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