Macroeconomic Indicators and International Trade Quiz
Test your knowledge on macroeconomic indicators, international trade, CPI, trade balance, protectionism & more. Take the quiz now!
#1
Which of the following is NOT a macroeconomic indicator?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Stock Price of a Single Company
Unemployment Rate
#2
What does the term 'trade surplus' mean?
When a country's exports exceed its imports
When a country's imports exceed its exports
When a country's exports are equal to its imports
When a country has a negative balance of trade
#3
What is the purpose of the Purchasing Managers' Index (PMI) in macroeconomics?
To measure consumer confidence
To gauge business activity and sentiment in manufacturing and services sectors
To track changes in the price level of consumer goods
To estimate the inflation rate
#4
What does the Consumer Price Index (CPI) measure?
Changes in the price level of a market basket of consumer goods and services purchased by households
Total market value of all final goods and services produced within a country in a given period of time
The total value of goods and services exported minus the total value of goods and services imported
The percentage of people actively seeking employment but unable to find jobs
#5
Which of the following is an example of a capital account transaction?
A government purchases machinery from another country
An individual buys shares of a foreign company
A country exports automobiles to another nation
A tourist buys souvenirs while visiting a foreign country
#6
What is the balance of trade?
The difference between a country's exports and imports of goods and services
The difference between a country's income from exports and its payments for imports
The total value of goods and services produced within a country
The total value of goods and services produced by a country's citizens, regardless of location
#7
In the context of international trade, what does the term 'dumping' refer to?
Selling goods in a foreign market at a price below their production cost
Exchanging goods between countries without imposing any tariffs or quotas
Promoting fair competition among domestic producers and foreign exporters
Imposing restrictions on imports to protect domestic industries
#8
Which of the following is NOT considered a component of aggregate demand?
Consumption
Government spending
Net exports
Domestic savings
#9
What does the term 'terms of trade' refer to in international trade?
The ratio of a country's exports to its imports
The conditions under which trade agreements are negotiated
The relative prices of a country's exports compared to its imports
The legal framework governing international trade
Sign In to view more questions.
Quiz Questions with Answers
Forget wasting time on incorrect answers. We deliver the straight-up correct options, along with clear explanations that solidify your understanding.
Popular Quizzes in Macroeconomics
Popular Quizzes in Economics
Report