This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 153 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 153 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a stock concept A) Balance Sheet. B) Profit & Loss Account. C) Both. D) None. Show Answer Correct Answer: A) Balance Sheet. 2. Which of the following is not a factor income? A) Rent. B) Wages and salaries. C) Profits. D) Scholarships. Show Answer Correct Answer: D) Scholarships. 3. The largest component of the gross domestic product (GDP) is ..... A) Consumer expenditures. B) Export to other countries. C) Business expenditures. D) Government expenditures. Show Answer Correct Answer: A) Consumer expenditures. 4. In the circular flow diagram, which sections buys goods and services from the product market and provides productive resources to the factor market ..... A) Households. B) Firms. C) Corporations. D) Limited Liability Partnership. Show Answer Correct Answer: A) Households. 5. Corporate profit is sum of A) Corporate profit tax +indirect tax + direct tax. B) Corporate tax + corporate dividends. C) Bonus + dividend + NFIA. D) Corporate profit tax + undistributed profit + distributed profit. Show Answer Correct Answer: D) Corporate profit tax + undistributed profit + distributed profit. 6. If Ahmad Manufacturing Berhad buys a car for his company use, the item is regarded as: A) Government expenditure. B) Consumption. C) Investment. D) Export/Import. Show Answer Correct Answer: C) Investment. 7. Economic system that has some market based elements and some level of government involvement. A) Market Economy. B) Mixed Economy. C) Traditional Economy. D) Command Economy. Show Answer Correct Answer: B) Mixed Economy. 8. Is deflation bad for the economy? A) Yes. B) No. C) It depends. D) None of above. Show Answer Correct Answer: C) It depends. 9. Identify the other name for Macro Economics. A) Price Theory. B) Income Theory. C) Market Theory. D) Micro Theory. Show Answer Correct Answer: B) Income Theory. 10. In Malaysia, the biggest contributor of the sources of government income is A) Sales and services taxes. B) Petroleum taxes. C) Income taxes. D) Indirect taxes. Show Answer Correct Answer: C) Income taxes. 11. If a business believes they will be able to charge more money for the product in the future, the supply curve would A) Shift left. B) Shift right. C) Not shift. D) None of above. Show Answer Correct Answer: A) Shift left. 12. Money exchanged between an individual and a store for a good or service. A) Revenue. B) Wages. C) Rent. D) Donation. Show Answer Correct Answer: A) Revenue. 13. Typical basket of of goods and services A) Aggregate Supply. B) Expansionary Fiscal Policy. C) Market Basket. D) Budget. Show Answer Correct Answer: C) Market Basket. 14. The largest component of Indonesia's GDP is A) Investment. B) Government Expenditures. C) Export. D) Consumption. Show Answer Correct Answer: D) Consumption. 15. What is the main advantage of automatic stabilizers over discretionary fiscal policy? A) Automatic stabilizers are not effective in stabilizing the economy. B) Automatic stabilizers adjust automatically to economic conditions. C) Automatic stabilizers require constant monitoring and adjustment. D) Automatic stabilizers are more expensive to implement than discretionary fiscal policy. . Show Answer Correct Answer: B) Automatic stabilizers adjust automatically to economic conditions. 16. The branch of economics that that examines the functioning of individual industries and the behavior of individual decision-making units is ..... A) Macroeconomics. B) Microeconomics. C) Positive economics. D) Normative economics. Show Answer Correct Answer: B) Microeconomics. 17. What is another name for the high court (hard) A) Last court of appeal. B) House of review. C) Court of review and power. D) People's court. Show Answer Correct Answer: A) Last court of appeal. 18. Policies that involve altering the level of interesting rates, the availability of credit in the economy, and the extent of borrowing-Deals with policymakers controlling laws over interest rates, loans, grants, and money supply A) Exports. B) Imports. C) Fiscal Policy. D) Monetary Policy. Show Answer Correct Answer: D) Monetary Policy. 19. THE FINAL FLOW OF GOODS AND SERVICES WOULD BE FROM ..... to ..... A) Household to Product Market. B) Product Market to Household. C) Factor Market to Firms. D) Firms to Product Market. Show Answer Correct Answer: B) Product Market to Household. 20. ..... is the process of bringing the inflation rate down. A) Disinflation. B) Deflation. Show Answer Correct Answer: A) Disinflation. ← PreviousNext →Related QuizzesEconomics QuizzesMacroeconomics Quiz 1Macroeconomics Quiz 2Macroeconomics Quiz 3Macroeconomics Quiz 4Macroeconomics Quiz 5Macroeconomics Quiz 6Macroeconomics Quiz 7Macroeconomics Quiz 8Macroeconomics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books