Macroeconomics Final Quiz
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Question 1 of 15
1. Question
For a closed economy, Savings = Investment.Â
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Question 2 of 15
2. Question
Does a small economy have an effect on world interest rates ?
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Question 3 of 15
3. Question
Savings is sum of __________?
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Question 4 of 15
4. Question
In the United States, unpaid labor in the US amounted to ____ trillion in 2017.
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Question 5 of 15
5. Question
In ___________ the prices are sticky ? (Keynes)
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Question 6 of 15
6. Question
Gross Output less Intermediate Purchases equals _________ ?
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Question 7 of 15
7. Question
Using quantitative theory of money, if the velocity of the money increases keeping the quantity of money constant, then this will lead to ________________ GDP.
Â
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Question 8 of 15
8. Question
If you are earning $100000 per year. The taxation rate is 30% and propensity to consume is 0.75. Calculate the savings per annum using the information given.
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Question 9 of 15
9. Question
If the factor payments from abroad and factor payments to abroad of a country are 4% of the GDP. Now if the GDP of this country is $10 trillion dollars. What is the GNP of the country ?
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Question 10 of 15
10. Question
Which of the countries is an example of small open economy?
Â
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Question 11 of 15
11. Question
Investment is inversely related to ____________?
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Question 12 of 15
12. Question
In the long run, the output of the economy will be related to technology in what aspect?
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Question 13 of 15
13. Question
Which report uses statistical tools to measure the happiest countries globally?
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Â
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Question 14 of 15
14. Question
Look at the following data in Trillion Euros. The Net Exports of a country is 3.5 trillion euros. Personal Consumption is 1.5 trillion while Government Purchases is 1 trillion euros, Private Domestic Investment 1.5 trillion euros. Keeping this information, calculate the GDP of the organization in trillion euros.
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Question 15 of 15
15. Question
GDP Deflator is 1.3. The nominal GDP is $12 trillion. Calculate the Read GDP of the economy in trillion dollars.Â