Explore key economic indicators with the 'Macroeconomics Chapter 4 Measuring Output & Unemployment' quiz. Assess your understanding of GDP concepts, differences between Nominal and Real GDP, and the role of the Price Index. Essential for students of economics aiming to grasp fundamental economic measures.
# used to balance general fluxucations of % value with the economy.
Unadjusted GDP.
Rate this question:
# used to balance general fluxucations of % value with the economy.
Unadjusted GDP.
Rate this question:
Nominal
Real
Rate this question:
Price Index
Nominal
Real GDP
Rate this question:
Increased
Decreased
Unchanged
None of the above
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Aggregate Consumption (all goods)
Aggreate Investment (to build businesse/machines)
Governmental Purchases
Imports
Exports
Rate this question:
True
False
Rate this question:
Yah!
Nah...
That sounds about right..?
Where are the drinks.
Rate this question:
True
False
Rate this question:
Potential GDP
Real GDP
Nominal GDP
Rate this question:
Output Gap
Input Gap
Baby Gap
Potential GDP
Rate this question:
Measuring Quality changes
Measuring Service Output
Measuring nonmarket Goods
Measuring Quality Output
Rate this question:
True
False
Rate this question:
Unemployment
Standard of Living
Labor Force
None of the Above
Rate this question:
Varies predictably between seasons.
From 1 job to another (college graduate)
Long term (past 6 months)
When it increases when the economy slows down.
Rate this question:
Varies predictably between seasons.
From 1 job to another (college graduate)
Long term (past 6 months
Rate this question:
From 1 job to another (college graduate)
Long term (past 6 months)
When it increasses when the economy slows down.
Rate this question:
From 1 job to another (college graduate)
Long term (past 6 months)
When it increasses when the economy slows down.
Rate this question:
Recession -> decrease in output
Recesstion -> increase in output
1% increase of unemployment= 2 % -output gap
Rate this question:
Quiz Review Timeline (Updated): Mar 20, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.