Macroeconomics Quiz
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following best describes macroeconomics?

  • The study of individual households and firms in an economy
  • The study of entire economies and nations (correct)
  • The study of economic growth and development
  • The study of supply and demand in specific markets

What is economic growth?

  • The increase in the price level
  • The increase in consumer spending
  • The increase in the money supply
  • The increase in real GDP (correct)

Which of the following is NOT a determinant of productivity?

  • Natural capital
  • Human capital
  • Physical capital
  • Financial capital (correct)

What does GDP stand for?

<p>Gross Domestic Product (B)</p> Signup and view all the answers

What does GDP measure?

<p>The total value of all products and services produced within a country (C)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser