Fundamentals of Macroeconomic Indicators and Measurements Quiz
Challenge yourself with questions on GDP, inflation, fiscal policy & more. Test your grasp of macroeconomic fundamentals!
#1
Which of the following is a key macroeconomic indicator?
Stock price of a single company
Consumer Price Index (CPI)
Individual income tax rate
Number of shares traded in a day
#2
Gross Domestic Product (GDP) is a measure of:
Total value of goods and services produced within a country in a specific time period
Total revenue generated by a single company
Total population of a country
Total foreign exchange reserves of a country
#3
What does the term 'Inflation' refer to in macroeconomics?
Decrease in the overall price level of goods and services
Stability in the price level
Increase in the overall price level of goods and services
Fluctuations in exchange rates
#4
What is the relationship between nominal GDP and real GDP?
Nominal GDP includes inflation, while real GDP adjusts for inflation
Nominal GDP and real GDP are identical measures
Nominal GDP and real GDP represent different time periods
Nominal GDP is a measure of the overall price level
#5
Which of the following is a lagging economic indicator?
Unemployment rate
Stock prices
Consumer confidence index
Industrial production index
#6
What is the meaning of the term 'Liquidity' in the context of macroeconomics?
Total value of a country's currency in circulation
Ability to convert assets into cash quickly without significant loss
Government debt ratio
Total value of all financial assets in an economy
#7
The unemployment rate is calculated as the percentage of:
Total population
Labor force that is unemployed
Employed individuals
Retired individuals
#8
Which of the following is an example of fiscal policy?
Central bank adjusting interest rates
Government increasing public spending
Commercial banks issuing loans
Individuals making investment decisions
#9
What does the term 'Trade Balance' represent in macroeconomics?
Difference between exports and imports of goods and services
Total revenue generated by international trade
Exchange rate between two currencies
Total value of a country's currency in circulation
#10
Which of the following is a component of the Aggregate Demand (AD) curve?
Consumer spending
Government debt
Foreign exchange reserves
Corporate profits
#11
What is the Phillips Curve used to analyze in macroeconomics?
Relationship between inflation and unemployment
Government fiscal policy
Stock market trends
Consumer behavior
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