This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 196 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 196 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The nominal exchange rate shows how much one country's currency can be exchanged for another country's currency. A) True. B) Lie. Show Answer Correct Answer: A) True. 2. A measure of the average price of a specified set of goods and services purchased by typical consumers A) Consumer Price Index. B) Gross Domestic Product. C) Unemployment Rate. D) Economic Growth. Show Answer Correct Answer: A) Consumer Price Index. 3. Type of unemployment that occurs when people take time to find a job. A) Seasonal Unemployment. B) Structural Unemployment. C) Frictional Unemployment. D) Cyclical Unemployment. Show Answer Correct Answer: C) Frictional Unemployment. 4. Net capital formation causes: A) Increase in production capacity. B) Increase in depreciation. C) Increase in profits. D) Increase in cost. Show Answer Correct Answer: A) Increase in production capacity. 5. Choose the Best Answer.When he was interviewed for the Labor Force Survey, Manong Efraim had no work and was not looking for work due to his permanent disability. Given this, he falls in what labor category? A) Unemployed. B) Underemployed. C) Employed. D) Not part of the labor force. Show Answer Correct Answer: D) Not part of the labor force. 6. The branch of economies that examines the functioning of individual industries and the behavior of individual decision making units is ..... A) Microeconomics. B) Macroeconomics. C) Positive economics. D) Normative economics. Show Answer Correct Answer: A) Microeconomics. 7. Which is a characteristic of an economic expansion or the "Boom" the Business Cycle? A) Decrease in wages. B) Increase in unemployment. C) Decrease in production. D) Decrease in unemployment. Show Answer Correct Answer: D) Decrease in unemployment. 8. A change from 2$ =rs 140 to 1$ =rs 60 indicates that Rupee is A) Appreciating. B) Depreciating. C) None. D) Both. Show Answer Correct Answer: A) Appreciating. 9. Monetary Policy is the central bank attempts to ..... A) Control the amount of money in circulation. B) Control the central bank's debt. C) Control regional governments' spending. D) None of these answers are correct. Show Answer Correct Answer: A) Control the amount of money in circulation. 10. I got laid off during the Covid 19 pandemic due the company I worked for closing down as the economy took a downturn. This is an example of ..... unemployment A) Cyclical. B) Structural. C) Frictional. D) None of above. Show Answer Correct Answer: A) Cyclical. 11. S=-200 + 0.7 Yd based on saving function above, the consumption function is ..... A) C=500 + 0.3Yd. B) C=-500+0.3Yd. C) C= 200+ 0.3Yd. D) C=200+0.4Yd. Show Answer Correct Answer: C) C= 200+ 0.3Yd. 12. Who is considered frictionally unemployed? A) People who are between jobs. B) People who do not have the right skills. C) People who are unemployed due to a recession. D) People who have given up looking for work. Show Answer Correct Answer: A) People who are between jobs. 13. TRUE or FALSE:Satellite accounts prohibit the measurement of natural capital in monetary terms. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 14. Compulsory contribution by an individual or a firm to the government to be used in the common interest of economy refers to A) Tax revenue. B) Non tax revenue. C) Non-revenue receipts. D) Fixed tax. Show Answer Correct Answer: A) Tax revenue. 15. Billy gets charged tax every time he buys a new pair of shoes. What kind of tax is this? A) Income. B) Property. C) Payroll. D) Sales. Show Answer Correct Answer: D) Sales. 16. The percentage change in real GDP from one year to the next is called: A) Real GDP. B) Nominal GDP. C) GDP growth rate. D) GDP per capita. Show Answer Correct Answer: C) GDP growth rate. 17. What is the size of the Labor Force?Unemployed (Looking for job) = 200Retired = 5Prison = 2 School (full time, not looking for job) = 10Employed = 180Unemployed (not looking for job) = 20 A) 180. B) 200. C) 220. D) 237. Show Answer Correct Answer: B) 200. 18. 3 Dimensions to determine the meaning of Good Society:1.Basic Human Needs.2.Foundations of Wellbeing.3.Opportunity. A) True. B) False. Show Answer Correct Answer: A) True. 19. In the circular flow diagram, which of the following is true in the product market? A) Households sell goods and services to business firms. B) Households sell resources to business firms. C) Business firms sell goods and services to households. D) Business firms sell resources to households. Show Answer Correct Answer: C) Business firms sell goods and services to households. 20. The value of money is greater as prices inflate over the course of history. A) True. B) False. Show Answer Correct Answer: B) False. ← 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