Macroeconomics Quizzes, Questions & Answers

Do you know what determines economic growth? We encourage you to take our online Macroeconomics Quizzes. Do you think you can ace our quizzes? Why does output fluctuate? Why do we have inflation, and why is it a problem? Why do we have unemployment, and why does it hinder the economy?

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Macroeconomics Practice Quiz Questions And Answers

Are you looking for practice material for an upcoming assignment or test in macroeconomics? Check out these macroeconomics practice quiz questions and answers and test your knowledge for the same. Macroeconomics is the field of...

Questions: 10 | Attempts: 28955 | Last updated: Jul 10, 2024

Sample Question
Diffrence between Real and Nominal GDP is:

Measured by excluding some of the sectors

That real GDP is always smaller than Nominal GDP.

Change in price level from base year to current year.

None of the above.

Macroeconomics - Chapter 10

Questions: 40 | Attempts: 1040 | Last updated: Mar 21, 2023

Sample Question
The most important determinant of consumer spending is

The level of household borrowing

Consumer expectations

The stock of wealth

The level of income

Macroeconomics Exam! MCQ Trivia

Questions: 40 | Attempts: 540 | Last updated: Nov 16, 2023

Sample Question
Discretionary fiscal policy is

The use of interest rate changes to affect aggregate demand.

The use of interest rate changes to affect aggregate supply.

The use of government spending or tax policy to manage aggregate demand.

The use of government spending or tax policy to manage aggregate supply.

Macroeconomics [ch. 18]

Questions: 20 | Attempts: 4443 | Last updated: Mar 22, 2023

Sample Question
An economy that interacts with other economies is known as

A balanced trade economy

An export economy

An import economy

A closed economy

An open economy

Macroeconomics [ch 16]

Money and prices in the long run

Questions: 31 | Attempts: 2672 | Last updated: Mar 21, 2023

Sample Question
Which of the following is not a function of money

Unit of account

Store of value

Hedge against inflation

Medium of exchange

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Macroeconomics - Chapter 8

MacroEconomics - Chapter 8

Questions: 40 | Attempts: 765 | Last updated: Mar 22, 2023

Sample Question
Economic growth is best defined as an increase in

Either real GDP or real GDP per capita

Nominal GDP

Total consumption expenditures

Wealth in the economy

Econ 232 Macroeconomics Final Exam

ECON 232 Macroeconomics Final Exam

Final Exam for Macroeconomics

Questions: 58 | Attempts: 528 | Last updated: Mar 21, 2023

Sample Question
The concept of scarcity in economics implies that

Precious Metals like Silver are harder to find than common metals like iron.

Some products are intermediate products that cannot be consumed.

Choices must be made among alternative uses for resources.

Some goods are naturally limited in supply.

Monopolists restrict the amounts they will produce.

Macroeconomics Basic MCQ Quiz!

Questions: 14 | Attempts: 322 | Last updated: Mar 21, 2023

Sample Question
The goods-producing sector has added 9,000 jobs despite stagnant growth in construction. Of the following sectors, where did growth occur?

Utilities

Mining

Manufacturing

Logging

Macroeconomics 201 E1

Questions: 34 | Attempts: 544 | Last updated: Mar 22, 2023

Sample Question
Recall Chapter 1's opening story about the British sea captains and the convicted felons. In what way were incentives used to solve the problem of the high mortality rate on board the ships?

Payment (to ship captains) was to be offered for each prisoner that was taken aboard the ships.

Payment (to ship captains) was made independent of the regulations passed for prisoner welfare.

Regulations were passed so that prisoners could get better food, water, and medical care.

Payment (to ship captains) was made dependent on the survival rate of prisoners.

Questions On Monetary And Fiscal Policy! Macroeconomics Trivia Quiz

Questions on Monetary and Fiscal Policy! Macroeconomics Trivia Quiz

Questions: 34 | Attempts: 443 | Last updated: Mar 22, 2023

Sample Question
An increase in the interest rate increases the quantity demanded of money because it increases the rate of return on money.

True

False

Macroeconomics System Quiz Questions

Macroeconomics system quiz questions

Questions: 13 | Attempts: 772 | Last updated: Mar 21, 2023

Sample Question
The fundamental questions that an economic system attempts to solve include:

For whom to produce

What to produce

How to produce

All of the above

(7.) Economics Hl. Macroeconomics, Definitions.

(7.) Economics HL. Macroeconomics, definitions.

IB Economics HL. Definitions QUIZ. Section 3. Macroeconomics. Inflation, unemployment, income distribution.

Questions: 23 | Attempts: 325 | Last updated: Mar 22, 2023

Sample Question
"Inflation that occurs as a result of an increase in costs of production" What kind of inflation is this?

Demand-pull inflation

Cost-push inflation

Stagflation

(6.) Economics Hl. Macroeconomics, Definitions.

(6.) Economics HL. Macroeconomics, definitions.

IB Economics HL. Definitions QUIZ. Section 3. Macroeconomics. National income, aggregate demand and aggregate supply.

Questions: 35 | Attempts: 189 | Last updated: Mar 22, 2023

Sample Question
"Foregoing current consumption to allow for consumption in the future" What is being defined?

Leakage

Injection

Saving

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