#1
Which of the following is a component of GDP?
Government expenditure
Imports
Unemployment benefits
Household savings
#2
What does CPI stand for?
Consumer Price Index
Cost Per Item
Central Purchasing Index
Corporate Profit Indicator
#3
What is the term used to describe the total value of all goods and services produced within a country's borders in a specific time period?
GNP (Gross National Product)
GDP (Gross Domestic Product)
PPP (Purchasing Power Parity)
CPI (Consumer Price Index)
#4
What is the term used to describe a situation where the price level of goods and services is consistently falling?
Inflation
Deflation
Stagflation
Hyperinflation
#5
Which of the following is NOT a component of the balance of payments?
Current account
Capital account
Trade account
Financial account
#6
What is the term used to describe the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power?
Inflation
Deflation
Stagflation
Hyperinflation
#7
Which of the following is a characteristic of a bull market?
Rising stock prices
Decreasing stock prices
Stagnant stock prices
No correlation with stock prices
#8
What is the primary function of the Federal Reserve?
Fiscal policy implementation
Regulating stock markets
Controlling inflation
Monetary policy implementation
#9
What is the term used to describe a situation where the economy experiences a prolonged period of high inflation and high unemployment?
Stagflation
Hyperinflation
Deflation
Recession
#10
Which of the following is a function of the World Bank?
Providing loans to developing countries
Regulating international trade
Issuing global currency
Promoting military cooperation
#11
Which of the following is a measure of the money supply that includes cash in circulation and checking account deposits?
#12
What is the term used to describe a situation where the value of a currency falls significantly against other currencies over a short period?
Devaluation
Depreciation
Appreciation
Revaluation
#13
What is the formula for calculating the unemployment rate?
Number of unemployed / Labor force
Number of unemployed / Population
Labor force / Number of unemployed
Population / Labor force
#14
Which of the following is a characteristic of a command economy?
Decentralized decision-making
Private ownership of resources
Government control of resources
Market-driven prices
#15
Which of the following is a tool used by central banks to influence the money supply and interest rates?
Fiscal policy
Monetary policy
Trade policy
Industrial policy
#16
Which of the following best describes the 'crowding out effect'?
Increased government spending leads to decreased private investment
Decreased government spending leads to increased private investment
Increased government spending leads to increased private investment
Decreased government spending leads to decreased private investment