MACROECONOMICS - FINAL
EXAM
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,Question 1
In order to be considered unemployed, the person must be:
(i) over the age of 16.
(ii) actively searching for work.
(iii) available to work.
(iv) skilled.
A) (i), (ii), (iii), and (iv)
B) (ii) and (iv)
C) iii) and (iv)
D) (i), (ii), and (iii)
Correct Answer
D
Question 2
Which of the following scenarios shows a production function at work?
A) You write a personal letter to your family.
B) You go to the library and read a book.
C) You go to Home Depot and buy some paint.
D) You buy flour and eggs and bake a cake to sell in your bakery.
Correct Answer
D
Question 3
Which of the following people can be classified as "unemployed"?
A) Fred, who is on medical leave from his job
B) Jose, who is in the military
C) Laura, who has been seeking employment for two months
D) Damien, who does not have a job but has not looked for work
Correct Answer
C
, Question 4
Along the same aggregate production function, the level of _____ is the same.
A) capital
B) economic growth
C) technology
D) labor
Correct Answer
C
Question 5
The table shows consumer price index data for the United States. In which year was the inflation rate the
highest?
Year - Consumer Price Index
1990 - 130.66
1991 - 136.17
1992 - 140.31
1993 - 144.38
1994 - 148.23
1995 - 152.38
A) 1992
B) 1993
C) 1991
D) 1994
Correct Answer
C
EXAM
70+ (Latest 2025-2026 Edition) 100% Verified Q&A + Answer Key
Solutions
100% Guarantee Pass
This Exam contains: Macroeconomics - Final
✓ Exam
✓ 100% Accurate Questions and Answers
✓ 100% Guarantee Pass - Verified by Experts
✓ Each Question Includes The Correct Answer
✓ Expert-Verified
,Question 1
In order to be considered unemployed, the person must be:
(i) over the age of 16.
(ii) actively searching for work.
(iii) available to work.
(iv) skilled.
A) (i), (ii), (iii), and (iv)
B) (ii) and (iv)
C) iii) and (iv)
D) (i), (ii), and (iii)
Correct Answer
D
Question 2
Which of the following scenarios shows a production function at work?
A) You write a personal letter to your family.
B) You go to the library and read a book.
C) You go to Home Depot and buy some paint.
D) You buy flour and eggs and bake a cake to sell in your bakery.
Correct Answer
D
Question 3
Which of the following people can be classified as "unemployed"?
A) Fred, who is on medical leave from his job
B) Jose, who is in the military
C) Laura, who has been seeking employment for two months
D) Damien, who does not have a job but has not looked for work
Correct Answer
C
, Question 4
Along the same aggregate production function, the level of _____ is the same.
A) capital
B) economic growth
C) technology
D) labor
Correct Answer
C
Question 5
The table shows consumer price index data for the United States. In which year was the inflation rate the
highest?
Year - Consumer Price Index
1990 - 130.66
1991 - 136.17
1992 - 140.31
1993 - 144.38
1994 - 148.23
1995 - 152.38
A) 1992
B) 1993
C) 1991
D) 1994
Correct Answer
C
