Quiz Macro

These are several consequences of inflation, except

• decreasing the value of money

• Decreasing purchasing power

• Increasing bank savings

Hyperinflation in Srilanka is derived from

• bad political policy, wrong strategy of agriculture fertilizer import policy, and fixed exchange rate.

• bad political policy, wrong strategy of agriculture fertilizer import policy, and floating exchange rate.

When government wants to limit the imported goods, the Government will implement? EXCEPT

• Import Tarif

• Import quota

• Export restriction

Indonesia is implementing...?

• floating exchange rate

• fixed exchange rate.

Inflation adjusted GDP is called

• Real GDP

• Nominal GDP

in war/ agression condition, the supply chains might face these issues, except

• Discruption

• Price decrease in the buyer country

• price increase in the buyer country

• Excess good unsold

GDP components are consumption, investment, government spending, and import.

• TRUE

• FALSE

This country is rich because of its stable political condition, selling weapon without joining any war, and low consumerism. What is this?

• Japan

• switzerland

• Russia

• US

Country does international trades to achieve?

• Competitive adventages

• Economic dominance

• Merchantilism

What is the limitation of GDP?

• Measuring expenditure approach

• Do not reflect income distribution

• Do not capture informal transactions