ECONOMICS UNIT 3:
MACROECONOMICS EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Macroeconomics - ANS The study of the economy as a whole, including inflation,
unemployment, and economic growth
Steady Economic Growth - ANS An economy with stable or mildly fluctuating size
Price Stability - ANS No sudden increase or decrease in the overall price of goods
Full Employment - ANS The condition in which virtually all who are able and willing to work
are employed. The unemployment rate is between 4% and 6%.
Gross Domestic Product (GDP) - ANS A measurement of the total goods and services
produced within a country.
Output Expenditure Model - ANS Value of a country's exports minus value of a country's
imports in a given time.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
MACROECONOMICS EXAM
QUESTIONS AND ANSWERS. VERIFIED
2025/2026.
Macroeconomics - ANS The study of the economy as a whole, including inflation,
unemployment, and economic growth
Steady Economic Growth - ANS An economy with stable or mildly fluctuating size
Price Stability - ANS No sudden increase or decrease in the overall price of goods
Full Employment - ANS The condition in which virtually all who are able and willing to work
are employed. The unemployment rate is between 4% and 6%.
Gross Domestic Product (GDP) - ANS A measurement of the total goods and services
produced within a country.
Output Expenditure Model - ANS Value of a country's exports minus value of a country's
imports in a given time.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
