Government Spending Quizzes, Questions & Answers

Dive into our engaging Government Spending quiz category, where you can explore the intricacies of fiscal policies, budgets, and public finance. Read more

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Economics Review Chapters 7-12

Explore key macroeconomic concepts through this engaging quiz covering chapters 7-12 in Economics. Assess knowledge in aggregate expenditure, fiscal policy, effects of inflation, and unemployment types. Ideal for students...

Questions: 20 | Attempts: 172 | Last updated: Mar 21, 2025

Sample Question 1
Spending by consumers on consumption goods, spending by businesses on investment goods, spending by government and spending by foreigners on net exports make up

Disposable national income

The equilibrium economy

Aggregate supply

Aggregate expenditure

Discretionary spending

Sample Question 2
If $30 billion in new investment is added to the economy and MPC is 0.9, national income would increase by

$30 billion

$90 billion

$100 billion

$210 billion

$300 billion

Sample Question 3
Last month 5,000 people decided to quit their jobs in order to seek better employment opportunities. These people are

Structurally unemployed

Frictionally unemployed

Discouraged workers

Cyclically unemployed

Underemployed workers