Macroeconomics Quizzes & Trivia

What determines economic growth? Why does output fluctuate? Why do we have inflation and why is it a problem? Why do we have unemployment and why is it a hindrance to the economy? Do you think you have what it takes to answer these questions?

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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...

Questions: 9  |  Attempts: 16646   |  Last updated: Jul 6, 2020
  • Sample Question
    Diffrence between Real and Nominal GDP is:  

Below are some true or false Trivia Questions On Savings And Investment. When people get money, making more money through what they save up is all they can think about, and this is made possible by them making proper investments....

Questions: 16  |  Attempts: 1067   |  Last updated: Oct 5, 2020
  • Sample Question
    Consumption equals disposable income plus savings.

Questions: 20  |  Attempts: 1006   |  Last updated: Jan 18, 2013
  • Sample Question
    An economy that interacts with other economies is known as

Money and prices in the long run

Questions: 31  |  Attempts: 1548   |  Last updated: Jan 18, 2013
  • Sample Question
    Which of the following is not a function of money

Questions: 34  |  Attempts: 263   |  Last updated: Jun 30, 2016
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    Recall Chapter 1's opening story about the British sea captains and the convicted felons. In what way were incentives used to solve the problem of the high mortality rate on board the ships?

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Macroeconomics Questions & Answers

What one should see while comparing nations economic position with other?
The correct answer to this question is B, per capita GDP. It is used to compare countries economic output to one another. It compares this by its residents. It divides the economic output by the country's population. Per capita GDP, which stands for
What is GDP equal to in closed economy?
A closed economy (and there are extremely few) means complete self-sufficiency. A closed economy means there is no trade activity with outside economies, no exports, no imports. The remote unvisited tribe in unexplored Brazil is an example. Brazil i
What can be concluded if the demand curve for product B shifts to the right as the price of product A declines?
If the price of product A drops and the demand curve of product B shifts right, then it can easily be concluded that products A and B are complementary products. When a curve shifts right, then there is less demand for it when another product is at
What is the basic proposition of the law of demand?
The most basic proposition of the law of demand is that as the price of a good rises, a lower quantity is demanded, or answer C. This is because the law of demand is part of the supply and demand curve - that funky graph that you see with one line go
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