Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

10 Questions

0 Views

National Income Measurement Quiz

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 economist is considered the proponent of modern macroeconomic theory?

Adam Smith

Karl Marx

John Maynard Keynes (correct)

Milton Friedman

What does aggregate supply refer to?

The total quantity of goods and services demanded by consumers

The total output produced by factors owned by a country

The total value of all final goods and services produced in an economy

The total quantity of goods and services supplied by producers (correct)

Which economic measure represents the total market value of all final goods and services produced in an economy?

Potential GDP

Real GDP

Gross National Product (GNP)

Gross Domestic Product (GDP) (correct)

Which type of unemployment is caused by a mismatch between the needs of employers and the skills of the workforce?

Structural unemployment Signup and view all the answers

Which economic measure represents the real measure of growth?

Real GDP Signup and view all the answers

Which economic school of thought explains the concept of a liquidity trap?

Keynesian economics Signup and view all the answers

What is the concept of 'sticky wages' in economics?

Wages that are fixed and do not respond to changes in the market Signup and view all the answers

Which type of unemployment is voluntary and due to a transition in employment?

Frictional unemployment Signup and view all the answers

Which of the following shifts the aggregate supply (AS) curve to the right?

Rightward shifts of the AS curve Signup and view all the answers

Which of the following measures the total output produced by factors owned by a country?

Gross National Product (GNP) Signup and view all the answers