A Macroeconomics Practice Quiz!

9 Questions | Total Attempts: 17007

SettingsSettingsSettings
Please wait...
A Macroeconomics Practice Quiz!

Macroeconomics is the branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. Do you need some practice for an upcoming assignment or test? Do you wanna test your knowledge on it? Take the Quiz!


Questions and Answers
  • 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. 
    In consumption function, c = a+by
    • 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. 
    In the model Y=C+I+G and C=a+by, Where b=0.8, the expenditure multiplier is
    • A. 

      1

    • B. 

      4

    • C. 

      5

    • D. 

      None of the above