Macroeconomics Exam

Macroeconomics Exam

12th Grade

33 Qs

quiz-placeholder

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Macroeconomics Exam

Macroeconomics Exam

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Crystal Davis

Used 2+ times

FREE Resource

33 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 2 pts

GDP is the total market value of:

all expenditures on natural resources, labor, and capital goods in an economy in a given year.

all expenditures on consumption, investment, and net exports in an economy in a given year.

all intermediate goods and services produced in an economy in a given year.

all final goods and services produced within a nation's borders in a given year.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A period of decline in total output, income, employment, and trade, lasting six months or longer, is defined as a:

trough

recession

business cycle

secular trend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A headline in the New York Times reads: “Thousands of U. S. auto makers lose jobs to workers in Mexico.” After reading it you realize this story is a perfect example of __________ unemployment.

frictional

seasonal

cyclical

structural

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Consumer Price Index used for?

to measure Market Structures

to measure GDP in order to determine rate of inflation

measures changes in price of goods and services and determines inflation rate

measures money and measures products at the same time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP, growth, business cycles, and unemployment are all central topics in:

microeconomics

macroeconomics

utility theory

wage determination

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is included in the measure of GDP?

spending on meals by consumers at restaurants

spending on used clothing by consumers at garage sales

the monetary value of stocks and bonds owned by investors

the monetary value of used trucks purchased by construction companies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exports minus imports may be defined as:

net imports

net exports

net investment

foreign exchange

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