This quiz works best with JavaScript enabled. Home > Finance > Economics > Macroeconomics > Macroeconomics – Quiz 177 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Macroeconomics Quiz 177 (16 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When using the expenditures approach, which category of gross domestic product (GDP) changes when domestic firms anticipate that a recession will occur soon? A) Net Exports. B) Government Spending. C) Investment Spending. D) Consumption Spending. Show Answer Correct Answer: C) Investment Spending. 2. All of the options below are the components of quasi money EXCEPT A) Bank Negara certificate. B) Negotiable certificate. C) Fixed and savings deposits in other financial institutions. D) Fixed and savings deposits in commercial bank. Show Answer Correct Answer: C) Fixed and savings deposits in other financial institutions. 3. Similar goods that a customer see for the same purposeEx:coke vs pepsi, nike vs adidas, DopeBoy Intramural vs Essential A) Normal goods. B) Substitute goods. C) Complement goods. D) Inferior goods. Show Answer Correct Answer: B) Substitute goods. 4. During the financial crisis, which assets became "toxic" ? A) Government bonds. B) Treasury bills. C) S & P stocks. D) Mortgage backed securities. E) Utility stocks, such as water and electricity. Show Answer Correct Answer: D) Mortgage backed securities. 5. Congress has approved a budget that spends millions of dollars on defense, education, social programs, etc. Their plan also calls for an increase in taxes to help pay for all the expenses. Which best describes this plan? A) The government's fiscal policy. B) The government's monetary policy. Show Answer Correct Answer: A) The government's fiscal policy. 6. 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. 7. This is a tax on property inherited after a person's death. A) Proportional. B) Estate. C) Excise. D) Gift. Show Answer Correct Answer: B) Estate. 8. Which of the following measures is typically used to approximate the productivity of an individual unit of labor in a country? A) Nominal GDP. B) The unemployment rate. C) Real GDP. D) Real GDP per capita. E) The consumer price index (CPI). Show Answer Correct Answer: D) Real GDP per capita. 9. 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. 10. The Value Of A Country's Economic Output At A Certain Time When It's Located In That Country Is Called? A) Gross National Income. B) Gross National Product. C) Gross Domestic Product. D) Gross Domestic Income. Show Answer Correct Answer: C) Gross Domestic Product. 11. The rising in the general level of prices and it reduces the "purchasing power" of money A) Price Indices. B) Inflation. C) Real Wage. D) Inflation Rate. Show Answer Correct Answer: B) Inflation. 12. 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) Seasonal. B) Structural. C) Frictional. D) Cyclical. Show Answer Correct Answer: A) Seasonal. 13. 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. 14. Which of the following will NOT cause the demand for video games to change? A) A change in consumer tastes. B) A change in the price of video games. C) A change in the price of a close substitute. D) A change in consumer incomes. E) A change in consumer preferences. Show Answer Correct Answer: B) A change in the price of video games. 15. 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. 16. Taxing & spending to slow the economy is referred to as A) Monetary policy. B) Contractionary policy. C) Budget surplus. D) Budget deficit. Show Answer Correct Answer: B) Contractionary policy. ← PreviousRelated QuizzesEconomics QuizzesFinance QuizzesMacroeconomics Quiz 1Macroeconomics Quiz 2Macroeconomics Quiz 3Macroeconomics Quiz 4Macroeconomics Quiz 5Macroeconomics Quiz 6Macroeconomics Quiz 7Macroeconomics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books