Understanding Macroeconomics

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1. 1

   What is GDP?

   A Gross Domestic Product B Global Demand Price C Government Domestic Profit
2. 2

   Which of these is a tool of fiscal policy?

   A Interest Rates B Reserve Requirements C Government Spending
3. 3

   What does inflation cause?

   A Decrease in money supply B Decrease in purchasing power C Increase in unemployment
4. 4

   What is monetary policy?

   A Central bank actions on money supply B Government taxing and spending C Trade regulations on goods
5. 5

   What is unemployment?

   A People actively seeking work without a job B Retired people not seeking work C Children below working age
6. 6

   What does CPI measure?

   A Corporate Profit Increase B Car Production Index C Consumer Price Index
7. 7

   What signifies a recession?

   A A period of rapid economic expansion B Two consecutive quarters of negative GDP growth C An increase in consumer confidence
8. 8

   What is fiscal deficit?

   A When government revenue exceeds spending B When exports exceed imports C When government spending exceeds revenue
9. 9

   What is the main focus of macroeconomics?

   A The overall economy and large-scale economic factors B Individual markets and segments C Corporate business structure
10. 10

    Which institution typically manages monetary policy?

    A Central banks B Private banks C Government departments