Solutions manual for macroeconomics questions and Answers with solutions.pdf

Solution Manual




Macroeconomics

,Solutions manual for macroeconomics
questions and Answers with solutions

1.​ GDP measures:​
A. Income only​
B. Total value of final goods/services​
C. Imports​
D. Savings​
Answer: B



2.​ Nominal GDP uses:​
A. Base prices​
B. Current prices​
C. Fixed prices​
D. Average prices​
Answer: B



3.​ Real GDP adjusts for:​
A. Population​
B. Inflation​
C. Imports​
D. Exports​
Answer: B



4.​ GDP per capita measures:​
A. Total GDP​
B. Average income​
C. Inflation​
D. Output​
Answer: B



5.​ Unemployment rate =​
A. Employed/population​
B. Unemployed/labor force​

, C. Labor force/population​
D. GDP/population​
Answer: B



6.​ Labor force includes:​
A. All people​
B. Employed + unemployed​
C. Employed only​
D. Adults only​
Answer: B



7.​ Inflation means:​
A. Falling prices​
B. Rising general prices​
C. Stable prices​
D. Imports​
Answer: B



8.​ CPI measures:​
A. GDP​
B. Consumer prices​
C. Exports​
D. Income​
Answer: B



9.​ Deflation is:​
A. Rising prices​
B. Falling prices​
C. Stable​
D. Growth​
Answer: B



10.​Economic growth is:​
A. Inflation​
B. Increase in output​
C. Imports​