This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 165 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 165 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does stability in the economy provide? A) Confidence for consumers, producers, and investors. B) Opportunities for technological progress. C) Higher employment rates. D) Fluctuating price levels. Show Answer Correct Answer: A) Confidence for consumers, producers, and investors. 2. Activities which are purposely hidden from the view of the government in order to avoid taxes is known as ..... A) Underground Economic Activities. B) Household Production. C) Economic Activities. D) All of the options. Show Answer Correct Answer: A) Underground Economic Activities. 3. This GDP takes into account the adjustment for Inflation: A) Nominal. B) Real. C) CPI. D) Unemployment Rate. Show Answer Correct Answer: B) Real. 4. A continuous increase in the consumer price index (CPI) is A) Deflation. B) Stagflation. C) Inflation. D) Recession. E) Disinflation. Show Answer Correct Answer: C) Inflation. 5. This reflects those who are actively seeking employment AND those who are currently employed. A) Full employment. B) Unemployment rate. C) Labor force. D) Underemployed. Show Answer Correct Answer: C) Labor force. 6. How many sectors of working occupation do economist generally use? A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: B) 3. 7. The more valuable currency has A) Depreciated. B) Appreciated. C) Depleted. D) Amortizes. Show Answer Correct Answer: B) Appreciated. 8. Which is the largest component of government receipts? A) Corporate taxes. B) Excise taxes. C) Personal income taxes. D) Fuel taxes. Show Answer Correct Answer: C) Personal income taxes. 9. If a country's consumer price index was 200 last year and is 190 this year, which of the following must be true for the country from last year to this year? A) The quantity of goods produced has decreased. B) The average quality of the goods produced has increased. C) The inflation rate has increased by 5 percent. D) The price level has decreased by 5 percent. E) The unemployment rate has decreased by 5 percent . Show Answer Correct Answer: D) The price level has decreased by 5 percent. 10. This is the money that is gained after all expenses are paid for. A) Wages. B) Income. C) Profit. D) Cash. Show Answer Correct Answer: C) Profit. 11. The lost opportunity cost of any good or service produced by each country is the same. A) True. B) Lie. Show Answer Correct Answer: B) Lie. 12. The four components of GDP are? A) Consumer SpendingNet ExportsGovernment spendingBusiness Investments. B) Government BuyingBusiness SpendingNet ImportsConsumer Investments. C) Family. D) None of above. Show Answer Correct Answer: A) Consumer SpendingNet ExportsGovernment spendingBusiness Investments. 13. What is the not the macroeconomics goals? A) Full employment or low unemployment. B) Price stability or low inflation. C) Decreasing the price of the goods. D) Fair and distribution of income. Show Answer Correct Answer: C) Decreasing the price of the goods. 14. Households don't save money and spend their entire earnings to buy goods and services sold by the firms. A) Two-Sector. B) Three-Sector. C) Four-Sector. D) Five-Sector. Show Answer Correct Answer: A) Two-Sector. 15. Sniper lo A) Increases in unemployment should be associated with decreases in real GDP. B) Increases in unemployment should be associated with increases in real GDP. C) Decreases in unemployment should be associated with decreases in real GDP. D) Decreases in unemployment should be associated with increases in real GDP. Show Answer Correct Answer: A) Increases in unemployment should be associated with decreases in real GDP. 16. ..... Price Level is a measure of the overall level of prices in the economy. A) Aggregate. B) Consumer. C) Producer. D) Market. Show Answer Correct Answer: A) Aggregate. 17. Identify the one that is not a primary function of a bank. A) Accepting deposit. B) Advancing loans. C) Fund transfer. D) Credit creation. Show Answer Correct Answer: D) Credit creation. 18. The extra benefit producers receive from selling a good or service, measured by the price the producer actually received minus the price the producer would have been willing to accept A) Producer surplus. B) Shift in demand. C) Shift in supply. D) Shortage. Show Answer Correct Answer: A) Producer surplus. 19. An economy experiences inflationary pressures when the equilibrium level of output is A) Too low. B) Above the full employment level of output. C) Equal to the full employment level of output. D) Decreasing. E) In long-run equilibrium. Show Answer Correct Answer: B) Above the full employment level of output. 20. In the circular flow diagram, which of the following is NOT a factor of production? A) Labor. B) Money. C) Land. D) Capital. Show Answer Correct Answer: B) Money. ← 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