This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Macroeconomics – Quiz 270 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 270 (11 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an example of how nations depend upon each other for things they need? A) The United States imports oil and exports aircraft. B) China creates policies that keep out foreign steel workers. C) Japan creates policies that protect its electronics manufacturers. D) Germany exports a large percentage of the machinery it produces. Show Answer Correct Answer: A) The United States imports oil and exports aircraft. 2. This is a tax on property inherited after a person's death. A) Excise. B) Proportional. C) Gift. D) Estate. Show Answer Correct Answer: D) Estate. 3. Which of the following measures is typically used to approximate the productivity of an individual unit of labor in a country? A) The consumer price index (CPI). B) Real GDP. C) Real GDP per capita. D) Nominal GDP. E) The unemployment rate. Show Answer Correct Answer: C) Real GDP per capita. 4. What does the Consumer Price Index measure? A) The change in the value of a basket of nationalcurrencies. B) The rate of change in the monetary supply of the United States. C) The rate of change in the purchasing power of a nation's consumers. D) The change in the price of a basket of household goods and services. Show Answer Correct Answer: D) The change in the price of a basket of household goods and services. 5. The Value Of A Country's Economic Output At A Certain Time When It's Located In That Country Is Called? A) Gross National Product. B) Gross National Income. C) Gross Domestic Product. D) Gross Domestic Income. Show Answer Correct Answer: C) Gross Domestic Product. 6. The rising in the general level of prices and it reduces the "purchasing power" of money A) Inflation. B) Price Indices. C) Real Wage. D) Inflation Rate. Show Answer Correct Answer: A) Inflation. 7. During the Christmas season Fedex and UPS hires workers to deal with the demand of increase packages. When the season ends these workers experience ..... unemployment. A) Structural. B) Seasonal. C) Frictional. D) Cyclical. Show Answer Correct Answer: B) Seasonal. 8. Contractionary or Expansionary?As a result of its inflation forecast, BSP opens a market wherein private entities may avail for government bonds. What type of macroeconomic policy is being described in this case? A) Contractionary. B) Expansionary. Show Answer Correct Answer: A) Contractionary. 9. Which of the following will NOT cause the demand for video games to change? A) A change in the price of a close substitute. B) A change in consumer incomes. C) A change in the price of video games. D) A change in consumer tastes. E) A change in consumer preferences. Show Answer Correct Answer: C) A change in the price of video games. 10. Employment is..... A) When you do a favor for someone. B) When your dad asks you to do chores. C) When a person cannot find work after looking for a job for more than 4 weeks. D) When a person works or completes tasks for another person or company, and in exchange receives some form of payment. Show Answer Correct Answer: D) When a person works or completes tasks for another person or company, and in exchange receives some form of payment. 11. Taxing & spending to slow the economy is referred to as A) Budget surplus. B) Monetary policy. C) Contractionary policy. D) Budget deficit. Show Answer Correct Answer: C) Contractionary policy. ← PreviousRelated 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