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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:


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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:


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Question 4.
Discouraged workers are:


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Question 5.
Inflation is


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Question 6.
A pure inflation


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


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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:

 
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Question 9.
Expectations are important because:


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

 
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Question 11.
Macroeconomics is:


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