Macroeconomics Practice Quiz
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This practice quiz is designed to measure your undersatanding of Macroeconomics.
- 1.
- A.
Measured by excluding some of the sectors
- B.
That real GDP is always smaller than Nominal GDP
- C.
Change in price level from base year to current year
- D.
None of the above.
- 2.
- A.
Produced domestically
- B.
Produced by domestic factors of production
- C.
Produced by all factors of production
- D.
All of the above
- 3.
- A.
GDP
- B.
Per Capita GDP
- C.
Currency in circulation
- D.
None of the above
- 4.Verticle intercept of consumption function indicates
- A.
Average propensity to consume
- B.
Consumption at zero level of income
- C.
Both of the above
- D.
None of the above
- 5.
- A.
B is intercept
- B.
Slope of the function
- C.
MPC
- D.
a & C
- 6.In Keynesian Framework Income is measured along
- A.
45 degree line
- B.
Verticle axis
- C.
Horizontal axis
- D.
All are correct
- 7.If investment is exogenous to the Income determination model it can be shown as
- A.
Verticle line
- B.
Horizontal line
- C.
All of the above
- D.
None of the above
- 8.
- A.
C+I+X-N
- B.
C+I
- C.
C+I+G
- D.
All of the above
- 9.
- A.
1
- B.
4
- C.
5
- D.
None of the above
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