Content Frame
Note for screen reader users: There is text between the form elements on this page. To be sure that you do not miss any text, use item by item navigation methods, rather than tabbing from form element to form element.
Skip Breadcrumb Navigation
Home  arrow Student Resources  arrow Chapter 2: A tour of the book  arrow Multiple Choice Questions

Multiple Choice Questions

Try the multiple choice questions below to test your knowledge of this chapter. Once you have completed the test, click on 'Submit Answers for Grading' to get your results.

This activity contains 11 questions.

Question 1.
Real gross domestic product is:

Open Hint for Question 1 in a new window.
End of Question 1

Question 2.
Assume that 1980 is the base year. Given macroeconomic conditions in the UK over the past three decades, we know that:

End of Question 2

Question 3.
To calculate the GDP deflator:

Open Hint for Question 3 in a new window.
End of Question 3

Question 4.
Discouraged workers are:

Open Hint for Question 4 in a new window.
End of Question 4

Question 5.
Inflation is

Open Hint for Question 5 in a new window.
End of Question 5

Question 6.
A pure inflation

Open Hint for Question 6 in a new window.
End of Question 6

Question 7.
To promote a high rate of economic growth over a period of 50 or more years the government should:

Open Hint for Question 7 in a new window.
End of Question 7

Question 8.
During the mid-1980s, we observed a significant reduction in oil prices. In the United States, we would expect that this reduction in oil prices would cause:

End of Question 8

Question 9.
Expectations are important because:

Open Hint for Question 9 in a new window.
End of Question 9

Question 10.
Based on the notation presented in Chapter 2, which of the following expressions represents nominal GDP?

End of Question 10

Question 11.
Macroeconomics is:

Open Hint for Question 11 in a new window.
End of Question 11

Pearson Education Copyright © 1995-2010 Pearson Education. All rights reserved.
Legal and Privacy Notice

Return to the Top of this Page