Are you looking for practice material for an upcoming assignment or test in macroeconomics? Check out these macroeconomics practice quiz questions and answers and test your knowledge for the same. Macroeconomics is the field of economics that deals with the performances, structure, behavior, and decision-making of economies as a whole. The quiz below will test how well you know its basics and concepts. Are you ready to take this test? Go for it, then.
Measured by excluding some of the sectors
That real GDP is always smaller than Nominal GDP.
Change in price level from base year to current year.
None of the above.
Produced domestically.
Produced by domestic factors of production.
Produced by all factors of production.
All of the above.
GDP
Per Capita GDP.
Currency in circulation.
None of the above.
Average propensity to consume.
Consumption at zero level of income.
Both of the above.
None of the above.
B is intercept
Slope of the function
MPC
a & C
45 degree line
Verticle axis.
Horizontal axis.
All are correct.
Verticle line.
Horizontal line.
All of the above.
None of the above.
C+I+X-N
C+I
C+I+G
All of the above.
1
4
5
None of the above
The Engle curve
The indifference curve
Okun’s law
The Phillips curve
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