4.2 - Macroeconomic aims of government
35 minutes ago
deanhoss
Save
Edit
Host a game
Play LiveLive
Assign HW
Solo Practice
Practice
9 QuestionsShow answers
  • Question 1
    60 seconds
    Report an issue
    Q.

    Which of the following best defines unemployment?

    answer choices

    The state of being able to work and actively seeking work, but unable to find employment.

    The state of being able to work, but choosing not to.

    The percentage of the labour force that is able and actively seeking work, but cannot find employment.

    The total number of people who do not work.

  • Question 2
    60 seconds
    Report an issue
    Q.

    Which of the following is not a consequences of rising unemployment?

    answer choices

    Increased illness through psychological stress

    Upward pressure on average wage levels

    Higher rates of emigration, causing reductions in productive capacity.

    Increased crime rates.

  • Question 3
    60 seconds
    Report an issue
    Q.

    There are 3.6 million people unemployed out of a labour force of 22 million and a population of 26 million. What is the unemployment rate?

    answer choices

    20.85%

    18.18%

    16.36%

    13.84%

  • Question 4
    60 seconds
    Report an issue
    Q.

    If the population is 40 million, with a labour force of 35 million and an unemployment rate of 4%, what is the number of unemployed people?

    answer choices

    1.6 million

    1.4 million

    0.8 million

    0.2 million

  • Question 5
    60 seconds
    Report an issue
    Q.

    If the inflation rate was 5% last year and 3% this year, what has occurred?

    answer choices

    Demand-pull inflation

    Deflation

    Disinflation

    Inflation

  • Question 6
    120 seconds
    Report an issue
    Q.

    What is the price of the basket of goods in 2016

    answer choices

    $78.00

    $97.00

    $100.00

    $104.50

  • Question 7
    60 seconds
    Report an issue
    Q.

    Economic growth is best measured by an increase in __________.

    answer choices

    GDP

    GNP

    Real NNP

    Real GDP

  • Question 8
    60 seconds
    Report an issue
    Q.

    What is likely to happen if the population growth rate is greater than GDP growth rate.

    answer choices

    Average incomes will rise

    Average incomes will fall

    Real growth rates will rise

    There will be no direct impact on average incomes

  • Question 9
    60 seconds
    Report an issue
    Q.

    Which economic system is most likely to achieve higher income equality?

    answer choices

    Mixed-economies

    Free market economies

    Planned economies

    Subsistence economies

Report an issue
Why show ads?
Report Ad
Join a game